Contents: I. Introduction to Macroeconomics 1. Realm of Macroeconomics 2. Circular flow. II. . D. Begg, S. Fischer, R. Dornbusch, Ekonomia, tom II, PWE, CESifo orum 2/ June) 30 Special Brexit: Why, What Next aNd hoW? iaiN Begg* Now David Begg, Rudiger Dornbusch, Stanley Fischer: Makroekonomia . 2) between two poles – from full efficiency (full ability) to efficiency within norms, .. ; D. Begg, S. Fischer, R. Dornbush, Ekonomia, tom 2, PWE, Warszawa.

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N L 40 Aims: Credit Form ECTS points exam 6 The transfer of knowledge from the scope of macroeconomic concepts, methods and theories models. Understanding macroeconomic market signals and interpreting economic events and economic policy from the point of view of economic theories.


Developing the ability to use knowledge about macroeconomic phenomena in the analysis of economic processes taking place in today’s ekkonomia. Student who has completed the course: Admission requirements knowledge, skills and competences: Tools and objectives of macroeconomics W1, U1, U2 Main macroeconomic trends. Disadvantages of GDP as a measure of economic welfare. Economic growth and development.


Expansive and intensive economic growth. Theories of economic fluctuations – cyclical reasons. Phases of the economic cycle. The indicators used to predict economic changes Technical progress and the pace of economic growth.

Static and dynamic analysis of the economic growth. Types of technical progress. Economic and non-economic effects of introducing technical progress Determinants of formation of the national income. Global demand and its components. Keynesian model of the economy functioning – assumptions. Conclusions resulting gegg the investment multiplier theory.

The principle of acceleration. The role of the state in a market economy. The economic functions of the state in the economy. Positive and negative effects of fisvher intervention in the economy. Fiscal policy ekonomi objectives, tools. The functions of the state budget in the economy. The budget deficit and public debt the causes. The effects of fiscal policy in the economy. Expansive and restrictive fiscal policy. The effect of crowding out pushing as a defect of fiscal policy. The role of the central bank in a market economy.


Instruments and types fiscber monetary policy. Expansive and restrictive monetary policy. Transmission channels of monetary effects to the economy. Domestic capital, foreign capital. Opportunities and risks for the economy.

IS-LM model – assumptions. The effectiveness of fiscal and monetary policy. Extreme cases – the classic case and the liquidity trap. The disadvantage of fiscal policy – crowding out effect Inflation – the essence, causes, measurement, types and methods of mitigation Unemployment – the concept, causes, data source, types Theories of unemployment.

The relationship between unemployment and inflation.

Macroeconomics – University of Łódź

Phillips’s fischwr State policy on the labour market – active and passive. The effectiveness of active programs. The balance of payments and its components. Exchange rate systems – solid and liquid. Summer term Macroeconomic methods: Macroeconomic Theory and Policy. Probability Distributions for Reliability.