Lecture 1 - The Scope and Data of Macro
Movements and Inter-Relations between Key
Macroeconomic Variables; Aggregation Issues, National Income, Inflation and Money, The
Closed Economy and Open Economy Transmission Mechanisms.
A Flexible Price Model: The Determination of Aggregate Income, the Role of the Factors of
Production, and the Effectiveness of Macroeconomic Policy, Under the Assumption of
Lecture 2 - Money and Financial Markets
The Money Supply and Monetary Policy Enactment,
The Quantity Theory and Money Demand, Economic Stabilisation, Overview of The
Financial System, Bond Markets and Interest Rates, Financial Innovations and the Financial
Lecture 3 - The Goods Market
The Market for Loanable Funds Approach to The
Goods Market, Fiscal Policy and Government Debt, Fiscal Multipliers, Open Economy in the
Loanable Funds Market. A Heterodox Approach to Macroeconomic Stabilization Policy.
Lecture 4 - ISLM Model
Building the IS/LM model. The Keynesian Cross and the Investment Savings
Schedule, The Money Market and the Liquidity Money Schedule.
Lecture 6 - Open Economy ISLM
Using the IS/LM and the IS/LM/BP Model to Understand
Trade Policy. Fixed Exchange Rate Regimes, Floating Exchange Rates and Currency Wars