Бакалавриат
2026/2027
Основы макроэкономики
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:
1-й курс, 3, 4 модуль
Охват аудитории:
для своего кампуса
Язык:
английский
Кредиты:
6
Контактные часы:
92
Course Syllabus
Abstract
This introductory macroeconomics course is delivered for the first-year ICEF students in the Spring semester. It is taught in English and designed to develop students’ critical thinking and macroeconomic reasoning. Global inequality and sources of prosperity are discussed through the lens of Growth Dynamics Curve. Within country inequality and labour market equilibrium are derived from the WS-PS model. The short-run effects of fiscal and redistribution policies are studied using the Keynesian Cross model. Challenges of contemporary central banks, including inflation targeting and interest rate decisions, are largely based on the Bank of Russia monetary policy guidelines. Phillips curve links inflation and unemployment and highlight the role of inflationary expectation. Exchange rate regimes and global capital mobility are framed by the Uncovered Interest Parity condition. Finally, Price Dynamics Curve helps explain financial bubbles and other reasons for the past and maybe future economic crises.
Prerequisites: This course requires a good command of English, working knowledge of multivariable calculus and graphing skills. A decent level of AI literacy will also support course preparedness and success.
Learning Objectives
- The purpose of the course is to develop the model-based way of ‘aggregate thinking’ and make students ready to apply relevant macroeconomic tools in their further studies and professional career. Specifically, the course aims to:
- introduce students to the main factors of aggregate demand fluctuations in a mixed open economy
- explain the concepts of equilibrium output, unemployment and inflation using both general language and analytical tools
- develop students ability to justify the implications of macroeconomic policies in the team project
- enable students to participate in team debates on macroeconomic and political matters
- The course develops students’ soft skills, namely the ability to work in teams and organise their activities in small groups. By the end of the course students are expected to be able to:
- find, evaluate and use information from various sources in order to systematically solve macroeconomic problems
- analyse and interpret the data of domestic and foreign statistics on socio-economic processes and phenomena, to identify trends in changing of socio-economic indicators
- critically evaluate modern economic trends, provide competent reasoning to lead well-grounded discussions
- present the results of analytical and research activities both orally and in writing
Expected Learning Outcomes
- At the end of this course and having completed the essential reading and learning activities, successful students are expected to be able to:
- define the basic macroeconomic terms and concepts that capture stylised facts of country-level short-run fluctuations and long-run dynamics
- formulate real world phenomena in the language of macroeconomic modelling using graphic analysis and simple algebra
- apply the WS-PS-PC-AE, UIP, and other work-horse models to solve standard macroeconomic problems
- assess the potential and limitations of the models and extend them to evaluate macroeconomic policies in Russia and abroad
- illustrate the relevance of the macroeconomic models both in written and oral communications through applying good group working practices
- evaluate AI-generated answers for accuracy, relevance, and alignment with macroeconomic contexts, refining prompts iteratively to improve results
Course Contents
- Introduction to aggregate thinking. GEM
- The supply side of the macroeconomy
- The demand side of the macroeconomy
- Output – inflation trade-off
- Business cycle model and macroeconomic policy
- Open economy
Assessment Elements
- QuizzesSynchronous and asynchronous online quizzes
- DebatesIndividualised grades for team debates in class
- Group work in classIndividualised grades for productive group work
- Home AssignmentsHome assignments are advised to be AI supported
- Team projectIndividualised team grades
- Mid-term testClosed-book proctored unseen written test
- Final examClosed-book proctored unseen written test.
Interim Assessment
- 2026/2027 4th module0.15 * Mid-term test + 0.5 * Final exam + 0.05 * Debates + 0.02 * Quizzes + 0.1 * Group work in class + 0.15 * Team project + 0.03 * Home Assignments
