Syllabus

Ternopil Ivan Puluj National Technical University

Каф. економіки та фінансів

MACRO- AND MICROECONOMICS

syllabus

1. Educational programs for which discipline is mandatory:

# Educational stage Broad field Major Educational program Course(s) Semester(s)
1 bachelor's 7. Управління та адміністрування 073. Менеджмент (бакалавр) 1 2

2. The course is offered as elective for all levels of higher education and all educational programs.

3. Information about the author of the course

Full name Мариненко Наталія Юріївна
Academic degree Sc.D.
Academic title Prof.
Link to the teacher`s page on the official website of the department
Е-mail (in the domain tntu.edu.ua)

4. Information about the course

Study hours structure Lectures: 36
Practical classes: 18
Laboratory classes: 0

Amount of hours for individual work: 51
ECTS credits: 3
Teaching language english
Form of final examination exam
Link to an electronic course on the e-learning platform of the university https://dl.tntu.edu.ua/bounce.php?course=1325

5. Program of discipline

Description of academic discipline, its goals, subject of study and learning outcomes

The course “Macro- and Microeconomics” is an introduction to decision making by households, firms and government, to their desires to get the most from a limited availability of resources and to the resulting allocation of resources through markets. Macroeconomics is a science that deals with the functioning of the economy as a whole. Microeconomics is a branch of economics that focuses on economic behaviour in particular markets.
Aim of the course “Macro- and Microeconomics” is to provide students with a thorough understanding of core concepts and methods of macroeconomics and microeconomics, as a foundation for subsequent study of other economically oriented subjects within the degree programme, and as one of the key elements in the professional training of an economist.
Objectives of the course of the course “Macro- and Microeconomics” are:
1. To explain economic behavior and policies that affect consumption and investments, the dollar and the trade balance, the determinants of changes in wages and prices, monetary and fiscal policies, key issues of international trade etc.
2. To familiarize the student with the basic concepts and methods of microeconomics – the study of how consumers and producers make their decisions and interact in markets under conditions of perfect and imperfect competition.
3. To understand microeconomic models and problems expressed in standard mathematical terms, and be able to solve and interpret problems based on such models at a level of difficulty appropriate for an economics graduate.
4. To be able to use microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena, and to assess issues of microeconomic policy.
5. To lay the groundwork for future study of courses which require mastery of basic macro- and microeconomic concepts.
A student has to demonstrate such learning outcomes on the discipline:
– to know basic economic laws, notions and principles, major forces under market economy;
– to know different types of market structures and their influence on enterprise activity;
– to understand business strategy of enterprise;
– to analyze how supply and demand affect prices both at macro- and micro levels;
– to determine costs in production process of the enterprise;
– to calculate revenue and profit of enterprises;

The teaching of this discipline aims at formation and development of the following students’ competences:
general (to know):
- main categories and concepts of macro- and microeconomics;
- the system of national accounts and its main macroeconomic indicators;
- indicators of macroeconomic instability;
- basic models and concepts of macroeconomic equilibrium;
- role of the state as a subject of macroeconomic regulation;
- the main concepts and mechanism of fiscal and monetary policy of the state;
- the mechanism of foreign policy;
- the main problems of the labor market and social policy;
- the main models of economic growth;
- trends and prospects of Ukraine's development in the conditions of globalization of economic activity;
- laws and regularities of economic behavior of the consumer;
- the main economic goals of the firm in a market economy system and ways to achieve them;
- estimation of costs of production of the company, their types, dynamics of formation, revenue and profit;
- peculiarities of economic behavior of firms under perfect and imperfect competition;
- the basis of pricing for the factors of production;
- significance of the state policy in adjusting the market mechanism;
professional (be able to):
- apply categorical apparatus and methodology of research;
- analyze the values of the main macroeconomic indicators;
- use theoretical provisions for the solution of practical problems concerning the analysis of the macroeconomic situation of any country;
- determine the possibility and future prospects of the development of the national economy; to evaluate the key problems of functioning of the main markets of the national economy;
- study theoretical and methodological problems of the modern labor market;
- use the factors of the commodity market in the analysis of the peculiarities of the functioning of the national economy;
- characterize the key problems of the development of the money market in the national economy;
- analyze the development of inflation processes at the current stage of development of the national economy; to characterize incomes and consumption of households in the modern economic circle;
- determine the functional role of investments in the modern economy;
- determine the equilibrium GDP in conditions of different employment levels;
- analyze the role of the state in the economy and the main functions of the state, to assess the role of the state in the formation of the main tools for the effective functioning of the national economy;
- identify sources of economic growth; to analyze the process of processes in a market economy connected with the production and consumption of goods and services;
- create and analyze economic models of consumer and producer behavior, depending on the action of various price and non-price factors;
- determine the negative and positive effects of various factors on the market situation, including state regulation;
- choose the most effective directions of economic activity of the firm.

The place of academic discipline in the structural and logical scheme of study according to the educational program

Prerequisites. List of disciplines, or knowledge and skills, possession of which students needed (training requirements) for successful discipline assimilation

Economic Theory, Higher Mathematics

List of disciplines based on learning results from this discipline

Economics of Enterprise

Contents of the academic discipline

Lectures (titles/topics)

Macroeconomics as a science
Basic macroeconomic indicators
Aggregate demand and supply
Consumption and savings. investments
Equilibrium GDP
Fiscal policy
Money-market and monetary policy
Macroeconomic instability. economic growth and development
International trade and opened economy
Consumer choice theory
Consumer behaviour analysis
Market forces of demand and supply
Theory of elasticity and its application
Theory of marginal products and microeconomic model of a firm
Costs of production
Firms in competitive markets
Profit maximization and pricing strategy of a monopoly
Firm’s behaviour in monopolistic market
Strategy of the firm under oligopoly
Markets for the factors of production
Market efficiency

Practical classes (topics)

Macroeconomics as a science
Basic macroeconomic indicators
Aggregate demand and supply
Consumption and savings. investments
Equilibrium GDP
Fiscal policy
Money-market and monetary policy
Macroeconomic instability. economic growth and development
International trade and opened economy
Consumer choice theory
Consumer behaviour analysis
Market forces of demand and supply
Theory of elasticity and its application
Theory of marginal products and microeconomic model of a firm
Costs of production
Firms in competitive markets
Profit maximization and pricing strategy of a monopoly
Firm’s behaviour in monopolistic market
Strategy of the firm under oligopoly
Markets for the factors of production
Market efficiency

Learning materials and resources

1. Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn. Macroeconomics: Principles, Problems, and Policies. 21st ed. McGraw-Hill Higher Education, 2017.
2. Handbook of Macroeconomics. Volume 2. Edited by John B. Taylor, Harald Uhlig. Elsevier, 2016. 2693 p.
3. Avinash k. Dixit. Microeconomics. Oxford, 2014.

6. Policies and assessment process of the academic discipline

Assessment methods and rating system of learning results assessment

Оцінювання успішності навчання здобувачів вищої освіти в університеті здійснюється за 100-бальною (рейтинговою) системою. Відповідність результатів, оцінених за 100-бальною шкалою національній шкалі («відмінно», «добре», «задовільно», «незадовільно») та шкалі ECTS («А», «B», «C», «D», «E», «FХ», «F»), регламентується Положенням «Про оцінювання здобувачів вищої освіти в Тернопільському національному технічному університеті імені Івана Пулюя»


Table of assessment scores:

Assessment scale
VNZ
(100 points)
National
(4 points)
ECTS
90-100 Excellent А
82-89 Good B
75-81 C
67-74 Fair D
60-66 E
35-59 Poor FX
1-34 F
Approved by the department
(protocol №
on «
»
y.).