2015_16
Educational guide 
Faculty of Business and Economics
A A 
english 
Bachelor's Degree in Finances and Accounting
 Subjects
  INTRODUCTION TO MACROECONOMICS
   Contents
Topic Sub-topic
Part 1. Analysis of the financial side of the economy Main contents (not necessarily explained in this order):
-monetary aggregates
-money creation process
-money multiplier
-central bank monetary tools
-European Central Bank
-interest rate determination in the liquidity market
-financial assets and securities
-financial arbitrage
-real interest rate and Fisher equation
-exchange rate determination in the currency market
-spatial and triangular arbitrage
-the impossible trinity
-real exchange rate
-purchasing power parity exchange rate
-commercial arbitrage
Part 2. Analysis of the real side of the economy Main contents (not necessarily explained in this order):
-main variables describing the real sector: GDP, inflation rate, and unemployment rate
-the savings identity
-the business cycle
-the government budget
-limitations of macroeconomic policy
-the aggregate supply and aggregate demand model
-the expenditure multiplier effect
-effects of fiscal policy
-effects of monetary policy
-the quantity equation