This class exists in these courses :
• IÉSEG > MSc in Finance > Semester 1 > 2,00 ECTS

Prerequisites

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.

Learning outcomes

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

Course description

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.

Class type

Class structure

Teaching methods

• E-learning
• Interactive class
• Project work
• Tutorial

Assessment

The assessment is based on 3 pillars : one individual written assignment, a project in groups and a final written exam.

Recommended reading

• Economics, 8th edition by Mankiw and Taylor -

Internet resources

• IMF World Economic Outlook Database

• IESEG-Online