Macroeconomics - OSCE Academy in Bishkek

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Oct 28, 2013 (4 years and 11 days ago)

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Macroeconomics (2013/2014)

Course description: This course is designed to provide an introduction to the fundamentals of

macroeconomic theory and policy. The course will be taught from a dynamic general equilibrium

perspective. We will study macroeconomic

models based on microeconomic foundations with economic

agents that optimize and variables that satisfy aggregate consistency conditions. We will use

these models to gain insight into the issues of long
-
run economic growth and short
-
run economic

fluctuati
on, to study the evolution and dynamic interactions of the main macroeconomic variables

such as output, consumption, investment, employment, inflation, and interest rates.

The course will be taught with an emphasis on topics in macroeconomic policy. We wil
l look

at key macroeconomic policy issues, such as the role of government policy in promoting long
-
term

economic growth, the role of fiscal and monetary policies in stabilizing the economy, the relationship

between inflation and unemployment, causes, effec
ts and policy implications of financial crisis and

monetary and fiscal policies in an open economy.