(in Polish) Macroeconomics WSE-FiR-Mac

This course is intended to both broaden students' knowledge of macroeconomics and to develop their ability to cope with spoken and written macroeconomic texts in English. This aim is met through a presentation and discussion of chosen issues important in contemporary macroeconomics. A choice of simple, wriiten texts should help students understand the problems discussed.

The list of subjects/lectures and respective literature is as below:

1. The substance and character of the course
2. Macroeconomics – its scope, main research topics and questions, different answers and varied schools
3. Something went wrong (P. Krugman, How Did Economists Get It So Wrong? http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html)
4. Stabilization policy actions
5. Stabilization policy limitations, ineffectiveness and side effects
6. Financial instability (A. Koronowski, J. Ryan, Monetary Policy and Financial Stability under Greenspan and Bernanke, https://www.icfb.cz/www-archive/proc2009/proceedings.html )
7. The case of Japan Japan’s economic troubles offer a glimpse of a sobering future, The Economist, 5th Dec.2019, https://www.economist.com/finance-and-economics/2019/12/05/japans-economic-troubles-offer-a-glimpse-of-a-sobering-future?cid1=cust/dailypicks1/n/bl/n/2019125n/owned/n/n/dailypicks1/n/n/e/355369/n
8. Wages and underconsumption (A. Koronowski, Labour incomes and economic activity in Poland , chapter in: Public Policy in Transition Economies. An Institutional Perspective / Grodzicki Maciej, Zachorowska-Mazurkiewicz Anna (eds.), 2024, London, Routledge, pp.77-88, ISBN 9781032546056, ID DOI:10.4324/9781003425717-7
9. Rising inequalities and its economic and social dimensions (A. Koronowski, Rational microeconomic decisions and its non-optimal macroeconomic outcomes; the role for social institutions, JFMS nr 39 (2019), December 209str. 17-27, ISSN 1899-8968, https://econjournals.sgh.waw.pl/JMFS/article/view/1858/1655), (J. Siglitz, The Price of Inequality, Norton&Company, 2013)
10. Globalization and economic activity (production offshoring and shrinking consumption) in developed countries https://www.imf.org/en/publications/economic-issues/issues/2016/12/30/does-globalization-lower-wages-and-export-jobs-2346
11. Imperialism or export-led growth; low domestic consumption left apart (R. Hausman, Export-led Growth, https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://growthlab.hks.harvard.edu/wp-content/uploads/2024/11/2024-07-glwp-231-export-led-growth.pdf&ved=2ahUKEwiJ5Zqc6vSSAxUXAhAIHTOJI3sQFnoECCAQAQ&usg=AOvVaw0-RFskaXc3zZz1wf22fWOe )
12. Technology, employment, wages (A. Koronowski, Technological Progress and Unemployment: Luddism and Beyond, Gospodarka Narodowa nr 4/2016, https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://gnpje.sgh.waw.pl/pdf-100757-33149&ved=2ahUKEwjB7OzQ6PSSAxUaORAIHVTWDS0QFnoECBYQAQ&usg=AOvVaw0OCylPJV0LD9NZoC4iFPQk
13. Inclusive/exclusive technical change (D. Acemoglu, S. Johnson, Power and Progress, Basic Books, 2024; wyd. polskie 2025)
14. The meaning of institutions again (D. Acemoglu, J.A. Robinson, Why Nations Fail, Profile Books LTD, 2013, wyd. polskie 2014)
15. General overview of the course and conclusions
16. Test