Бакалавриат
2026/2027
Макроэкономика 1
Статус:
Курс обязательный (Международная программа по экономике и финансам)
Кто читает:
Международный институт экономики и финансов
Где читается:
Международный институт экономики и финансов
Когда читается:
2-й курс, 2 семестр
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
5
Контактные часы:
88
Course Syllabus
Abstract
This is a one-semester course delivered for the second-year students in Spring semester. The course is designed to expand the students’ understanding of basic concepts, to deepen their knowledge of the fundamentals of macroeconomic analysis and to develop their skills in applying theory to macroeconomic problems, using graphical and algebraic analysis combined with intuitive explanation and reasoning. The course includes the supply-side of the economy and the long-run economic growth; the demand side of the economy and the goods market equilibrium; the role and effects of the fiscal policy and the challenges faced by contemporary central banks (including inflation targeting and interest rate policies) in the framework of the IS-MP and the AD-AS models; the problems of inflation and unemployment and their trade-off; the fundamentals and modeling of the open economy macroeconomics. The course is the basis (and the prerequisite) for Macroeconomics 2 and is widely used in subsequent, more specialized economic courses. The course is taught in English. Because students are also studying for Russian degree in Economics, knowing Russian terminology via reading in Russian is also required.
Learning Objectives
- to deepen the students’ knowledge of the key macroeconomic terms, concepts and theories
- to provide students with the knowledge of basic macroeconomic models, concerning the determinants of the long-run aggregate supply dynamics, as well as the main factors of the short-run aggregate demand fluctuations
- to teach students to formulate real world phenomena in the language of macroeconomic modelling using graphic analysis and simple algebra
- to expand the students’ ability to apply and to use the main analytical tools and reasoning used in macroeconomics to the analysis of the real world issues in Russia and abroad
- to discuss the potential and limitations of macroeconomic models and methods used in macroeconomic analysis
- to develop the students’ ability to critically evaluate and justify implications of macroeconomic policies
- to enable students to participate in debates on macroeconomic and political matters
Expected Learning Outcomes
- define key concepts and describe the models and methods used in macroeconomic analysis;
- formulate real world issues in the language of economic modelling;
- apply and use the IS-MP, the AD-AS and the Solow models to analyse real world issues;
- assess the potential and limitations of the IS-MP, the AD-AS and the Solow models and extend them to evaluate macroeconomic policies in Russia and abroad;
Course Contents
- Introduction to Macroeconomics
- Economic growth
- The Goods market
- The Money market
- The IS-MP model
- Aggregate Demand and Aggregate Supply and the AD-AS model
- Inflation
- Unemployment
- Open economy macroeconomics
Assessment Elements
- Home assignmentsIndividual take home open book problem set that are offered once per week, weighted average mark is included into the final grade.
- Final examStudents take an unseen closed-book written examination in the 4th module. ICEF examiners are free to set questions on any aspect of the syllabus. They will vary the topics and questions from year to year and may well set questions that have not appeared in past papers. In order to get a passing grade for the course, the student must sit (all parts) of the examination.
- MidtermIndividual proctored unseen time-pressured closed book written test in the end of March.
- Class activitiesThe grade is equal to the weighted average of grades for all types of activities in classes: solution of tasks for classes at home, oral answers at the board through a random call of the class teacher for solving these tasks, participation in class discussions. The grade is given only if the student is active on his/her group’s seminars. Attending seminars is mandatory.
- ProjectIndividual project is planned in the second part of the course. This is in-class written project that is designed to develop higher order mental skills. The student is allowed for the project only if his/her attendance of seminars is not less than 65%.
Interim Assessment
- 2026/2027 2nd semester0.53 * Final exam + 0.1 * Home assignments + 0.06 * Project + 0.26 * Midterm + 0.05 * Class activities
