Overview
Lecturer
Iulian Bogdan Dobra
Seminar tutor
Iulian Bogdan Dobra
Type of course
Compulsory
Language of instruction
Romanian
Erasmus language
English
Domain
Accounting
Field of study
Accounting and Management Information Systems
Form of education
Full-time
Form of instruction
Class
Credit awarded by
Grade
Teaching methods
Lecturing, Demonstrating, Collaborating (i.e. Classroom discussion, Debriefing, Classroom Action Research), Recitation.
Entry requirements
-
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 contents
CH 1. Fundamental Principles of Macroeconomic Theory
CH 2. Economic Growth and Sustainable Economic Development
CH 3. Economic Equilibrium
CH 4. Income, Consumption and Investment
CH 5. Financial Markets
CH 6. Labour Economics
CH 7. Employment and Unemployment
CH 8. The Money Markets
CH 9. Inflation
CH 10. World Economy and Globalisation
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.
Assessment
Written test examination– 70%; Verification during semester – 30%.
Recommended reading
• Blanchard, Olivier, and David R. Johnson, (2012), ”Macroeconomics”, 6th ed. Pearson, ISBN: 9780133061635;
• Blanchard, Olivier, (2003), ”Macroeconomics”; 3rd ed. Upper Saddle River, N.J.: Prentice Hall, ISBN: 0130671002;
• ADAM SMITH (1920), ”The Wealth of Nations” BOOK I, Chapter IV, page 66; P.F. Collier and son, New York, USA;
• N. Gregory Mankiw, (2015), ”Macroeconomics”, Palgrave Macmillan, Ninth Edition;
• M. Ellman: Review of Kornai: Anti-Equilibrium in Economic Journal December 1972;