MACROECONOMICS
Année du cours : 1 année(s)
Etablissement : IÉSEG School of Management
Langue : English
Formation(s) dans laquelle/lesquelles le cours apparait :
Période : S1
This course will use the previous Microeconomic class content. No specific prerequisites are required but an open mind to the macroeconomic situation and developments is necessary.
Build a coherent macroeconomic reasoning.
– Understand interactions between economic agents inside an economy.
– Predict how business and economic cycles could affect organizational strategy
– Effectively apply in-depth specialized knowledge to take advantage of contemporary opportunities in their professional field
– Employ state-of-the-art management techniques
– Communicate effectively in English
The first part of this course focuses on the measure of the national income (the GDP) and its evolution over time (the business cycle). Through the IS/LM model, Okun’s Law and the Philips Curve, students will be able to picture a short term equilibrium using the main macroeconomic aggregates (GDP, inflation, interest rate, unemployment). The next section will be dedicated to the effects of fiscal and monetary policy on the economic growth.
