KA5 Macroeconomic Theory
Code: 70132
Credits: 12
Objectives
The aim of the study unit is to familiarise the student with macrotheoretical economic analysis so as to enable him/her to analyse economic policy with macroeconomic tools. Among the topics are the determination of national income, employment and inflation, and their dependence on fiscal, monetary and exchange rate policies. Special attention will be paid to the problems of open economies. Acquaintance with the Finnish economy is also required.
Content
The course on macroeconomic theory, (KA5), focuses on phenomena which are associated with the economy as a whole and in which the intertemporal choices of economic agents (e.g. saving, investment) play an essential role. Such phenomena are e.g. economic growth, unemployment, income distribution, inflation and the development of currency and asset markets. The course provides students with an aggregate view of the economy and equips them with the necessary tools for analyzing the effects of fiscal and monetary policy.
Prerequisites
Biämnesstuderande: studieperiod KA1.
Mode of assessment
A lecture course (45 hours) in Finnish, practical exercises and examinations.