Bachelor
2025/2026
Introduction to Macroeconomics
Type:
Compulsory course (International Programme in Economics and Finance)
Delivered by:
International College of Economics and Finance
When:
1 year, 2 semester
Open to:
students of one campus
Language:
English
Contact hours:
92
Course Syllabus
Abstract
Introduction to Macroeconomics is a one-semester course and is taught for the first year students in Spring semester. This course gives the introduction to the macroeconomic fundamentals and to the main concepts and principles of macroeconomic theory and policy. The course deals with the analysis of aggregate product and national income as well as the price level determination; the measurement and problems of unemployment and inflation and their trade-off; the money and banking; the goods market, the financial market, the loanable funds market and the labour market equilibriums; the short-run economic fluctuations as the results of the different types of economic shocks, primarily aimed to understand the key instruments, mechanisms and consequences of the stabilization (fiscal and monetary) policies in the short run and in the medium run in the closed economy an different theories regarding these policies; the long-run economic growth and its sources. A special part is devoted to the issues of the open economy macroeconomics such as the exchange rates and the determinants of their changes; the foreign exchange market equilibrium; the balance of payments structure; the ends of the stabilization policies and of the different types of shocks in the open economy. The course is taught in English. The students are also studying for Russian degree in Economics, and knowing Russian economic terminology through reading in Russian is required.