Revision 1
The course develops understanding of key macroeconomic concepts and measures. It also introduces basic macroeconomic approaches and models (Classical, Keynesian and Neoclassical), their underlying assumptions and shortcomings. Moreover, an analysis of how political decisions, with particular focus on monetary and fiscal policy, impact unemployment, inflation and growth is conducted. Students also learn to analyze differences between countries in the macroeconomic choices, they make. This can be e.g. money supply, currency exchange regimes, taxation, governmental spending and borrowing.