IET104 Macroeconomics

Code IET104
Name Macroeconomics
Status Compulsory/Courses of Limited Choice; Courses of Free Choice
Level and type Undergraduate Studies, Professional
Field of study Economics
Faculty
Academic staff Maija Šenfelde, Juris Saulītis, Ilze Judrupa, Valentīna Strautmane, Aleksandrs Fedotovs
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation The subject matter of the course is Macroeconomics. Main economic indicators. GDP and its calculation. Cycles in national economy. Macroeconomic equilibrium. Money, banking, inflation. Employment, unemployment. Fiscal policy and national budget. Monetary policy. Keynesian theory and monetarism. Model IS-LM. International economic relations..
Goals and objectives
of the course in terms
of competences and skills
To understand macroeconomic interconnections as the basis of the state’s economic policy; Define the main objectives and directions of the economic policy; Study the instruments of the macroeconomic regulation of the national economy; To be able to evaluate social and economic results of the state economic policy.
Learning outcomes
and assessment
After finishing this course, students are able to understand the most essential macroeconomic interconnections. They can use macroeconomic indicators – make different calculations and comprehend interconnections between them. - Control test and final exam assessment
Students can notice macroeconomic interconnections as the basis of the state’s economic policy and define the economic policy main objectives and directions. - Control test and final exam assessment
Students are able to understand decisions and evaluate social and economic results of the state economic policy - Control test and final exam assessment
Course prerequisites The basic study course. Main prerequisite - insights into Microeconomics

[Extended course information PDF]