Module also offered within study programmes:
General information:
Name:
Macroeconomy
Course of study:
2013/2014
Code:
RMS-1-105-s
Faculty of:
Mechanical Engineering and Robotics
Study level:
First-cycle studies
Specialty:
-
Field of study:
Mechatronics with English as instruction languagege
Semester:
1
Profile of education:
Academic (A)
Lecture language:
English
Form and type of study:
Full-time studies
Course homepage:
 
Responsible teacher:
dr inż. Posłuszny Krzysztof (kposlusz@zarz.agh.edu.pl)
Academic teachers:
dr inż. Posłuszny Krzysztof (kposlusz@zarz.agh.edu.pl)
dr hab, prof. AGH Preisner Leszek (preisner@zarz.agh.edu.pl)
Module summary

Description of learning outcomes for module
MLO code Student after module completion has the knowledge/ knows how to/is able to Connections with FLO Method of learning outcomes verification (form of completion)
Social competence
M_K001 understands consequences and non-technical aspects of engineering activities MS1A_K02
Knowledge
M_W001 describes fundamental macroeconomic categories, a.o. GDP and inflation, and methods of their measurement MS1A_W17, MS1A_W18 Test
M_W002 explains goals and methods of monetary and fiscal policy MS1A_W17, MS1A_W18 Test
M_W003 performs intertemporal comparisons of economic outcomes in nominal and real terms MS1A_W17, MS1A_W18 Test
M_W004 defines factors of economic growth and explains conditions of sustainable development MS1A_W17, MS1A_W18 Test
FLO matrix in relation to forms of classes
MLO code Student after module completion has the knowledge/ knows how to/is able to Form of classes
Lecture
Audit. classes
Lab. classes
Project classes
Conv. seminar
Seminar classes
Pract. classes
Others
Zaj. terenowe
Zaj. warsztatowe
E-learning
Social competence
M_K001 understands consequences and non-technical aspects of engineering activities + - - - - - - - - - -
Knowledge
M_W001 describes fundamental macroeconomic categories, a.o. GDP and inflation, and methods of their measurement + - - - - - - - - - -
M_W002 explains goals and methods of monetary and fiscal policy + - - - - - - - - - -
M_W003 performs intertemporal comparisons of economic outcomes in nominal and real terms + - - - - - - - - - -
M_W004 defines factors of economic growth and explains conditions of sustainable development + - - - - - - - - - -
Module content
Lectures:
  1. Inflation and its measurement

    Inflation – problem and its measurement. Costs and opportunities. Short and long term consequences of inflation

  2. Macroeconomics as a science

    Topics in macroeconomics, differences between micro- and macroeconomics, Contemporary macroeconomic problems

  3. GDP as a macroeconomic indicator

    Methods of macroeconomic activity measurement: GDP, GNP. Calculation in nominal and real terms. Circular flow in economy: goods and money

  4. Fiscal policy

    Goals and tools of fiscal policy. State budget, public debt and fiscal deficit as issues in fiscal policy.

  5. Monetary policy

    Goals and tools of monetary policy. Central bank and its role in money market. Equilibrium in market for money.

  6. Equilibrium in economy

    Keynesian vs classical macroeconomics. Determinants of aggregate demand. Equilibrium conditions.

  7. Contemporary economic problems

    Economic growth vs economic development. Open economy and sustainable development. Economic fluctuations and business cycles – sources and mechanisms

  8. International trade

    Theories of international trade. Scale and place of international trade in economy

Student workload (ECTS credits balance)
Student activity form Student workload
Summary student workload 50 h
Module ECTS credits 2 ECTS
Participation in lectures 30 h
Realization of independently performed tasks 20 h
Additional information
Method of calculating the final grade:

final grade calculated as an arithmetic average of two test grades. First test after sixth lecture, second test during the penultimate lecture. Both tests have to be passed.

Prerequisites and additional requirements:

none

Recommended literature and teaching resources:

Begg D., Fischer S., Dornbush R. Macroeconomics, McGraw-Hill Book
Samuelson P. A., Nordhaus W. D., Economics, McGraw-Hill Book

Scientific publications of module course instructors related to the topic of the module:

Additional scientific publications not specified

Additional information:

None