Topic outline

  • General

    Lecturer:

    Mitri Kitti (mitri.kitti@aalto.fi)

    Teaching assistant:

    Hung Le (hung.h.le@aalto.fi)

    Grading:

    Exam 50%, Exercises 30 %, Peer reviews 10%, Group presentation 10%

    Textbook:

    ”Macroeconomics: a European Text” by Burda and Wyplozs

    Chapters 7, 11-20


    Lecture schedule (tentative):

    Lecture 1:
    Asset markets (Chapter 7)

    Lecture 2:
    Short-Run Equilibrium Part I (Chapter 11)

    Lecture 3:
    Short-Run Equilibrium Part II (IS-TR, Chapter 11)

    Lecture 4:
    International Capital Flows (Chapter 12)

    Lecture 5:
    Output, Employment, and Inflation Part I (Chapter 13, Phillips Curve)

    Lecture 6:
    Aggregate Demand and Aggregate Supply Part I (Chapter 14)

    Lecture 7:
    Aggregate Demand and Aggregate Supply Part II (Chapter 14)

    Lecture 8:
    The Exchange Rate (Chapter 15)

    Lecture 9:
    Demand Management (Chapter 16)

    Lecture 10:
    Fiscal Policy, Debt, Seignorage (Chapter 17)

    Lecture 11:
    Policies for the Long Run (Chapter 18)

    Lecture 12:
    The Architecture of International Monetary System (Chapter 19)