Macroeconomic Analyses WSE-EK-MON-MA
The course “Macroeconomic Analysis” is an interdisciplinary program designed to introduce students to the principles governing the functioning of economies at both national and global levels. The classes combine robust theoretical foundations with practical analytical methods, enabling an in-depth understanding of the mechanisms underlying economic processes. The course is divided into 14 key thematic areas:
1. Introduction to Macroeconomics – A discussion of basic concepts and models that serve as the foundation for economic analysis.
2. Measurement of National Production (GDP) – Methods for calculating gross domestic product and interpreting its fluctuations.
3. Inflation and Deflation – An analysis of the causes behind rising and falling price levels and their impact on economic stability.
4. Unemployment and the Labor Market – A study of various types of unemployment, their determinants, and socio-economic consequences.
5. Fiscal Policy – The role of the state budget, tools for managing public finances, and their effect on the economy.
6. Monetary Policy – The functions of the central bank, instruments for controlling the money supply, and the influence of interest rates.
7. Balance of Payments – An examination of financial flows between countries and their significance for achieving economic equilibrium.
8. International Trade – The mechanisms of trade exchange, the barriers involved, and the benefits derived from globalization.
9. Currency Systems and Exchange Rates – An overview of existing currency systems and an analysis of exchange rate volatility.
10. Business Cycle – An exploration of the phases of economic expansion and contraction and their implications for public policy.
11. Financial Stability – Topics related to systemic risk, financial crises, and the mechanisms used to mitigate them.
12. The IS-LM Model and Macroeconomic Equilibrium – A theoretical examination of the interaction between the goods market and the money market.
13. Economic Indicators and Statistical Analysis – Tools for interpreting data, statistical techniques, and methods for trend analysis.
14. Forecasting and Risk Analysis – Methods for predicting economic changes and assessing investment risks.
The “Macroeconomic Analysis” course provides essential knowledge for evaluating the effectiveness of economic policies and identifying threats to economic stability. Classes are conducted through a blend of lectures, seminars, and practical exercises, which help students develop strong analytical skills and critical thinking. By employing modern research tools, participants learn to interpret statistical data, formulate forecasts, and make decisions based on sound analyses.
This course prepares students for careers in financial institutions, public administration, and research centers, where the ability to conduct comprehensive macroeconomic analysis is crucial. Ultimately, the knowledge gained lays a solid foundation for further studies and specialization in areas related to economics, finance, and crisis management.
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Term 2023/24_Z:
The subject covers a broad spectrum of currents in economics, under both theoretical-scientific and practical-pragmatic approaches. It shows both economics from the perspective of the mainstream, as well as alternatives to mainstream macroeconomics, within which the possibilities of falsification of, among other things, dynamic stochastic general equilibrium are presented. The subject presents historically known, as well as state-of-the-art macroeconomic models and modeling, research methodologies from the perspective of critical thinking, referring to economic policies, enterprises and households. |
(in Polish) Dyscyplina naukowa, do której odnoszą się efekty uczenia się
(in Polish) Grupa przedmiotów ogólnouczenianych
(in Polish) Opis nakładu pracy studenta w ECTS
Subject level
Learning outcome code/codes
Type of subject
Term 2023/24_Z: optional with unlimited choices | Term 2024/25_Z: obligatory | Term 2025/26_Z: obligatory |
Preliminary Requirements
Course coordinators
Learning outcomes
a) Knowledge Base:
Understanding key macroeconomic concepts such as GDP, inflation, unemployment, balance of payments, fiscal policy, and monetary policy.
Comprehending theoretical macroeconomic models (e.g., IS-LM, AD-AS) and the mechanisms governing the business cycle.
Acquiring knowledge about methods for measuring and analyzing economic indicators.
Learning the principles of how the economy functions at both national and global levels and the impact of economic policies on stability.
b) Skills:
Analyzing and interpreting statistical data and identifying economic trends.
Applying theoretical models to the practical analysis of macroeconomic phenomena.
Formulating economic forecasts and assessing investment risks.
Preparing and presenting analysis results in written and oral forms using appropriate analytical tools.
Critically evaluating economic policies and drawing conclusions based on current economic indicators.
c) Social Competencies:
Effective teamwork, including the ability to engage in discussions and collaboratively solve economic problems.
Advanced communication skills that enable the clear and understandable presentation of complex economic issues in both academic and professional settings.
Ethical awareness in presenting and interpreting economic data and in making decisions.
A sense of social responsibility and understanding of the impact of economic policies on national development and societal well-being.
Assessment criteria
Class activity: 40%
Preparation of a PPT presentation on public finance and its presentation in class (teams of 2; 15-30 slides): 60%
Grading scale:
100%-90% – very good (5.0)
89%-75% – good (4.0)
74%-61% – satisfactory (3.0)
60%-0% – unsatisfactory (2.0)
Bibliography
Mankiw, N. Gregory. Macroeconomics. Worth Publishers, Boston, 2021.
Blanchard, Olivier. Macroeconomics. Pearson Education, Upper Saddle River, NJ, 2017.
OpenStax College. Principles of Macroeconomics. OpenStax, Houston, TX, 2016.
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Term 2023/24_Z:
D. Niepelt, Macroeconomic Analysis, MIT, 2019. |
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: