MACROECONOMICS INDICATORS AND POLICIES
Année du cours : 1 année(s)
Etablissement : IÉSEG School of Management
Langue : English
Formation(s) dans laquelle/lesquelles le cours apparait :
Période : S1
No prior knowledge is required except mathematics principles for rate calculations. An inquiring mind and regular monitoring of economic news facilitate the linking of the concepts discussed with the reality of today’s world.
– Clearly define the major macroeconomic indicators explaining or describing the situation of a country (interest rates, unemployment, inflation, growth, etc.) and identify the links between them
– Describe the literary, graphical and analytical analysis of the three major schools (classical, monetarist, Keynesian) of economic policies and identify the influences of these schools in the current political actions or debates
– Describe and explain the economic policies (fiscal and monetary) and their potential impact on the economy
– Finally understand the consequences of abroad events or policies (= shocks) on the national economy
This course refers particularly to the learning goals 2 (are competent in their field, rigorous and committed to quality / Work with rigor, precision and are well organized in a professionnal environment) and 4 (Able to inderstand how the global environment impacts managerial decisions / Understand how business and economics cycle fluctuations affect company performances)
– General principles of economic reasoning
– The measure of growth and inflation
– Supply and demand
– The market for loanable funds: savings, investissement, financial system
– Currency and inflation
– the IS-LM model
– Open economy
– Analysing a medium / long term economy
– Impact of economic policies on previous models
– Analysis of inflation and unemployment
