University of Warsaw - Central Authentication System

Applied Macroeconomics

General data

Course ID:	2400-DS1AMA
Erasmus code / ISCED:	14.3 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0311) Economics The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Applied Macroeconomics
Name in Polish:	Applied Macroeconomics
Organizational unit:	Faculty of Economic Sciences
Course groups:	(in Polish) Przedmioty kierunkowe do wyboru - studia II stopnia IE - grupa 1 (6*30h) English-language course offering of the Faculty of Economics Mandatory courses for 1st year students of Data Science and Business Analytics
ECTS credit allocation (and other scores):	5.00 Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load.
Language:	English
Type of course:	obligatory courses
Short description:	The aim of this 45-hours lecture is to present modern macroeconomic methods and models used both by researchers and analysts to understand and predict macroeconomic phenomena. Upon completion students will be able to use acquired tools to explain and interpret the workings of the macroeconomy at an advanced level. The course is composed of three parts. The first part is devoted to static (intersectoral) general equilibrium analysis. The second part covers core growth facts and theories. The third part is devoted to analyzing and modeling business cycles phenomena.
Full description:	Part I: Static General Equilibrium (15 h): 1. Two-sector Robinson Cruzoe model. 2. Multiple household types. 3. Taxes and transfers. Government sector. Investment in static models. 4. Endogenous labour supply. Wage setting and unemployment. 5. International trade. Armington aggregator. Part II: Dynamic General Equilibrium: Growth (15 h): 1. Growth facts. Solow model. 2. Ramsey model. 3. Optimal taxation in the long run. 4. Endogenous growth. 5. Overlapping Generations. Part III: Dynamic Stochastic General Equilibrium: Business Cycles (15 h): 1. Real Business Cycle model. 2. Unemployment over business cycle. Search & matching framework. 3. New Keynesian model. 4. Optimal monetary policy. 5. Financial Frictions.
Bibliography:	Lecture notes
Learning outcomes:	KNOWLEDGE / WIEDZA Students know how to the main macroeconomic models in the fields of static general equilibrium, economic growth and business cycles and their implications for economic policy. SKILLS / UMIEJĘTNOŚCI Upon completion of the course students will be able to: • Formulate simple general equilibrium models • Understand the logic behind macroeconomic statics and dynamics • Understand processes behind economic growth and business cycles • Evaluate the effects of changes in macroeconomic policy K_W01, K_U03
Assessment methods and assessment criteria:	Evaluation is based on the final exam (70%), as well as homework assignments (30%). The points from the exam and homework add up to the final grade.

Classes in period "Winter semester 2023/24" (past)

Time span:	2023-10-01 - 2024-01-28	Selected timetable range: weekly course term Navigate to timetable MO TU W TH CW CW FR WYK CW CW
Type of class:	Classes, 15 hours more information Lecture, 30 hours more information
Coordinators:	Jan Hagemejer, Mehmet Burak Turgut
Group instructors:	Jan Hagemejer, Mehmet Burak Turgut
Students list:	(inaccessible to you)
Examination:	Course - Examination Classes - Grading Lecture - Examination

Classes in period "Winter semester 2024/25" (future)

Time span:	2024-10-01 - 2025-01-26	Selected timetable range: weekly course term Navigate to timetable MO TU W TH CW CW FR WYK CW CW
Type of class:	Classes, 15 hours more information Lecture, 30 hours more information
Coordinators:	Jan Hagemejer, Mehmet Burak Turgut
Group instructors:	Jan Hagemejer, Mehmet Burak Turgut
Students list:	(inaccessible to you)
Examination:	Course - Examination Classes - Grading Lecture - Examination

Course descriptions are protected by copyright.
Copyright by University of Warsaw.