Faculty of Business and Management Sciences · Economics (English) · Undergraduate
Course Objective
This course focuses on dynamic aggregate demand-supply analysis, IS-LM and Mundell-Fleming models and open-economy frameworks to explore fiscal, monetary and trade policy interactions in global contexts. Topics include exchange rate regimes, balance of payments, trade imbalances, tariffs, and regional agreements, alongside advanced inflation-unemployment dynamics, growth theories, and financial crises. Students examine contemporary issues such as trade wars, cryptocurrency impacts, climate-linked fiscal policies, and automation, applying theoretical models to case studies (e.g., COVID-19 recovery, 2008 crisis) while debating protectionism, globalization, and sustainability. The course emphasizes policy simulations, critical analysis of macroeconomic data, and real-world problem-solving to prepare students for modern economic challenges.
Course Content
This course focuses on dynamic aggregate demand-supply analysis, IS-LM and Mundell-Fleming models and open-economy frameworks to explore fiscal, monetary and trade policy interactions in global contexts. Topics include exchange rate regimes, balance of payments, trade imbalances, tariffs, and regional agreements, alongside advanced inflation-unemployment dynamics, growth theories, and financial crises. Students examine contemporary issues such as trade wars, cryptocurrency impacts, climate-linked fiscal policies, and automation, applying theoretical models to case studies (e.g., COVID-19 recovery, 2008 crisis) while debating protectionism, globalization, and sustainability. The course emphasizes policy simulations, critical analysis of macroeconomic data, and real-world problem-solving to prepare students for modern economic challenges.
Course Learning Outcomes
- Developing the ability to identify and explain macroeconomic problems such as economic growth, unemployment and inflation by analyzing macroeconomic models.
- Gaining the ability to understand and apply national income calculations and methods of measuring the general performance of the economy.
- Gaining the ability to evaluate the effects of economic policy tools by understanding the relationship between monetary policy and fiscal policy.
- Developing the ability to understand the basic concepts of international economics and the advantages and disadvantages of economic integration.
- Gaining the ability to analyze economic events and evaluate the effects of economic policies by critically evaluating macroeconomic theories.