Macro-economics and Economic Policy

Description

The course aims at contributing to the following learning results: The student... · On the macro-economic level, interprets and analyses the behaviour of the different economic agents on the various domestic and foreign markets (3.e) Describes and analyses the behavior of economic agents (consumers, firms, governments and foreign) and markets (real sector, money and financial market, exchange market and labor market) (3.e.1) · Defines, explains and uses, both graphically and model-based, macro- and micro-economic concepts (3.h) Calculates the market equilibrium, analyses changes in the market equilibrium and applies welfare analysis on an equilibrium outcome (Man Economics) (3.h.6) Calculates and interprets the different forms of elasticities and uses them in the analysis of micro-economic problems (Man Economics) (3.h.7) Evaluates the effectiveness of government intervention (fiscal and monetary policy, labor market policy, exchange rate policy)(Macro-ec and Ec Policy) (3.h.8) · Describes the perspectives of economic science, uses them in a (business) economics context and reflects critically on them (3.i) Understands macro-economic articles in the daily press and is able to situate and evaluate critically but constructive, their content within the field of macro-economics (Macro-ec and Ec Policy) (3.i.3) ERS Objectives The course also aims at contributing to the following ERS objecives: The student... Describes the limitations of GDP as a measure of a country's economic and more general well-being Describes and explains inequality in terms of labor market opportunities Analyzes the main causes of economic development and underdevelopment