Course Description

Course Name

Intermediate Macroeconomics

Session: VSOU1222

Hours & Credits

3 Credits

Prerequisites & Language Level

Taught In English

  • There is no language prerequisite for courses at this language level.


Course Introduction:

In this course we will study in depth the macroeconomics concepts covered in introductory courses, so a good command of the basics will be a requirement for the course. The course will also expand on other theories not considered in introductory courses. This course follows nicely from Introduction to Macroeconomics ISC 203 summer course.

This course follows a modern approach, linking theory with reality. It is expected that the students passing the course would have a good understanding about, amongst others, economic growth, consumption theory, business cycles, the impact of fiscal and monetary policy, etc.

It is expected that the students have a good command of basic calculus, algebra and derivations. However, maths will be used as a tool to understand the concepts and not and end by itself. It is expected that students’ answers in the exams are comprehensive and full, and not only equations.

Text books: Please note that you will have to purchase in advance as the campus will not be selling the books.

  • Essential: Mishkin: Macroeconomics: Policy and Practice, 2nd edition (1st edition is also valid)
  • Other readings: O. Blanchard, A. Amighini and F. Giavazzi, Macroeconomics a European perspective. (Note that the international version is also valid)

Schedule (Subject to Revision):

  1. Introduction
  2. Measurement
  3. Aggregate production
  4. Savings and investment
  5. Consumption theory
  6. Investment theory
  7. Labour markets
  8. Money and inflation
  9. Solow growth model
  10. Drivers of growth
  11. Midterm exam
  12. Fluctuations
  13. IS curve
  14. Aggregate demand
  15. Aggregate supply
  16. AS-AD
  17. Macroeconomic policy
  18. Financial system
  19. Fiscal policy
  20. International policy
  21. Final exam


*Course content subject to change