Course Code: MK123 • Study year: I • Academic Year: 2022-2023
Domain: Marketing • Field of study: Marketing
Type of course: Compulsory
Language of instruction: Romanian
Erasmus Language of instruction: English
Name of lecturer: Vasile Lucian Găban
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: Autumn
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 5

Course aims:

These course cover a number of topics related to macroeconomics.
This introductory course teaches the fundamentals of macroeconomics
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.

Course Entry Requirements:


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

Teaching methods:

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

Learning outcomes:

Learning outcomes verification and assessment criteria:

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

Recommended reading:

Blanchard, Olivier, and David R. Johnson, Macroeconomics, Pearson , 2012
N. Gregory Mankiw, Macroeconomics, Palgrave Macmillan , 2015
Blanchard, Olivier, Macroeconomics, Prentice Hall , 2003
Adam Smith, “ The Wealth of Nations” BOOK I, Chapter IV, page 66; P.F., Collier and son , New York , 1920 , 66
P. A. Samuelson, Foundations of Economic Analysis, Atheneum , New York , 1967