Macroeconomics and economic policy

No

This course provides an overview of macroeconomics by explaining the concepts of the discipline in a simple and rigorous manner: What does GDP measure? Why do we seek growth? What are the effects of inflation? How does unemployment arise? What is an exchange rate? What are financial markets for? We will approach this with the help of the main macroeconomic models, in both closed and open economies. Particular attention will be paid to the analysis of economic policies and their impact on the various key economic variables.

In this course we will focus on short and medium term macroeconomics. Particular attention will be paid to the analysis of economic policies and their impacts on the different key economic variables. This analysis will be conducted throughout the course using modeling. The (provisional) plan is as follows:
Chapter 1: The main economic indicators
Chapter 2: The classical model
Chapter 3: Money and inflation
Chapter 4: Unemployment
Chapter 5: Short-term macroeconomics
Chapter 6: Medium-term macroeconomics: taking prices into account
Chapter 7: Macroeconomics in an Open World
Students wishing to study long-term macroeconomic analysis may choose to take the Economics UE of the DMC course.

Understanding of the complexity of economic systems in which economic agents are involved

Understanding implications of economic policy choices made by public authorities.

100% examination 

Macroéconomie, Gregory N. Mankiw, De Boeck.
Macroéconomie, Olivier Blanchard et Daniel Cohen, Pearson.

Nicolas Clootens