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Course Description
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Course Name
Introduction to Macroeconomics
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Host University
Anglo-American University
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Location
Prague, Czech Republic
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Area of Study
Economics, Finance
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Language Level
Taught In English
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Course Level Recommendations
Lower
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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ECTS Credits
6 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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Overview
Course Description
As an introduction to macroeconomic theory, this course employs standard macroeconomic approaches and looks at the economy as a whole to gain an understanding of how it works. The course introduces the main macroeconomics concepts and topics: GDP, economic growth, national income, unemployment, inflation, the role of government, fiscal policy, the role of central banks and monetary policy, international monetary arrangements, bubbles and crashes. Students will learn why some countries are rich while others are not, what causes unemployment or what the effects of inflation are. In addition, the course includes research concerning capitalist economies since the recent world-wide economic crash.
Course Learning Outcomes
Upon completion of this course, students will be able to:
- Discuss and analyse macroeconomic events using standard economic concepts such as demand and supply;
- Connect fluctuations in inflation, unemployment and economic growth;
- Understand the goals, tools and limitations of fiscal and monetary policies;
- Understand the basic working of financial markets;
- Realize the international linkages between economies;
- Realize the existence of different historical schools of economic thought and the differences between them;
- Understand the main macroeconomic statistics, be able to work with the data and produce simple macroeconomic analyses.