Course Code: ECTS123 • Study year: I • Academic Year: 2024-2025
Domain: Business Administration • Field of study: Economy of services, tourism and commerce
Type of course: Compulsory
Language of instruction: Romanian
Erasmus Language of instruction: English
Name of lecturer: Iulian Bogdan Dobra
Seminar tutor: Iulian Bogdan Dobra
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 42
Number of teaching hours per week: 3
Semester: Summer
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 5

Course aims:

This course provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, income, consumption and investment.
Also, important policy debates such as, economic growth in the long run, government finances in the intermediate run, and economic stability in the short run, are judgmentally explored.
Finally, monetary, fiscal policies, inflation and world economy are debated.

Course Entry Requirements:


Course contents:

Ch1. Fundamental Principles of Macroeconomic Theory Ch2. Economic Growth and Sustainable Economic Development Ch3. Economic Equilibrium Ch4. Income, Consumption and Investment Ch5. Financial Markets Ch6. Labour Economics Ch7. Employment and Unemployment Ch8. The Money Markets Ch9. Inflation Ch10. World Economy and Globalisation

Teaching methods:

Lecturing, Demonstrating, Collaborating (i.e. Classroom discussion, Debriefing, Classroom Action Research), Recitation.

Learning outcomes:

• To provide an introduction to fundamentals of macroeconomics; • The course is intended both for graduate students who wish to develop a solid background in game theory in order to pursue research in the applied fields of economics and related disciplines, and for students wishing to specialize in economic theory; • To give an introduction and to learn, judge, make decisions, have a personal opinion or interpretation to some of the main subjects in this field: economic activity, exchange economy, market economy, production factors, cost production, competition, price, net income.

Learning outcomes verification and assessment criteria:

Written test examination– 70%; Verification during semester – 30%.

Recommended reading:

Blanchard, Olivier, and David R. Johnson,, ”Macroeconomics” 6th ed., Pearson, -, 2012, -.
Blanchard, Olivier, ”Macroeconomics” 3rd ed., Upper Saddle River, N.J.: Prentice Hall, -, 2003, -.
ADAM SMITH, ”The Wealth of Nations”, Collier and son, New York, 1920, BOOK I, Chapter IV, page 66.
Samuelson P. and Nordhaus W., Economics, McGraw-Hill, New York, 2009, BOOK.