1. MACROECONOMICS dr hab. Marek Szczepański, prof. PP

2. Plan of the course Introduction - the economic problem Measuring the value of economic activity National income – its sources, determinants and distribution Money and inflation Unemployment Long-run economic growth Business cycles: the economy in short run Aggregate demnad (IS-LM Model) Aggregate Supply and the short-run trade –off between inflation and unemployment Stabilization policy (fiscal and monetary policy) Open- economy macroeconomics Money and banking Interantional trade, European integration and globalization The main macroeconomic theories and current discussions

3. Exercises 1.Measuring the cost of living: the Consumer Price Index (an international comparison) 2.Measuring joblessness: the unemployment rate (international comparison) 3.The decisions facing the competitive firm 4. Consumtion and investment (an international comparison) 5.Economic growth in Poland and other post-socialist countries since 2004 (an international comparison) 6.Economic growth and its drivers in the USA and EU Memeber states (an international comparison) 7.Globalisation of financial markets – pros and cons (global financial crisis 2008-2009) 8.Macroeconomic policy debates: liberal and neoliberał theories (M.Friedman, F.Hayek) vs Keynsian theory and concepts of J.K.Galbreith and G.Myrdal)

4. Literature 1.P. Krugman, R. Wells, Macroeconomics, Second Edition, Worth Publishers, New York 2009. 2.D. Begg, S. Fisher, R. Dornbusch, Economics, 8th Edition, McGraw-Hill Companies, London, New York 2008. http://www.mcgrawhill.co.uk/textbooks/begg 3.N.G.Mankiw, Macroeconomis, Worth Publishers, New York 2010 Free download: ftp://dge.stanford.edu/pub/vineety/rup/N.%20Gregory%20Mankiw %20Macroeconomics,%207th%20edition%202009.pdf 4. Polish edition: N.G.Mankiw, M.P.Taylor, Makroekonomia, PWE, Warszawa 2009. 5. E.Skawińska, K.Sobiech, K.Nawrot, Makroekonomia, PWE, Warszawa 2008.