MacroeconomicsSyllabus

Subject code

IF-2604y

Credits

10

Student workload

210

Semester

Autumn semester

Academic year

2025-2026

Subject type

Mandatory

Form of education

Full-time

Language of instruction

Azerbaijani

In-class hours

45 saat mühazirə dərslərinə, 45 saat praktiki məşğələ

Out-of-class hours

50 saat-MRTSİ, 160 saat-TSİ

90 hours of classroom hours are planned for the teaching of the subject "macroeconomics". 45 hours of them are allocated to lecture classes and 45 hours to practical training classes. students' free work (tsi) is 210 hours. this includes SI - performance and delivery of independent work, preparation for lectures, seminars, laboratory classes, colloquiums. students are given 1 to 5 free tasks or 2-5 students are given 1 free task as a group. each of the free works is evaluated from 1 to 10 points and makes up a total of 10 points per semester. if necessary, students can be given 1 independent assignment with a larger and more scientific content. at this time, that free task is evaluated on a 10-point scale. at the end of the semester, the student's attendance in the subject is evaluated with 10 points, practical exercises and colloquiums with 30 points, and free assignments with 10 points. the remaining 50 points for the subject are determined in the exam. it is planned to carry out the study load in the 1st semester. the teaching of the subject results in an exam. 10 credits are provided for the subject in the educational program.

• lecture
• seminar
• presentations
• interactive discussion
• case study
• teamwork

No learning outcomes have been added.

1. 1.
   Introduction to macroeconomics (methodology of studying macroeconomic problems).Lecture

   Research subject of macroeconomics. views of representatives of the main schools on macroeconomic processes. methodology for the study of macroeconomic processes. basic concepts used in macroeconomics.

2. 2.
   National economy and social reproduction.Lecture

   Common and different aspects in the understanding of macroeconomics and national economy. social reproduction as the basis of the existence of the economy as a whole. the structure of social production. types, criteria and indicators of extensive reproduction. economic space in the recycling system.

3. 3.
   Main macroeconomic indicators and their measurement.Lecture

   Public product and its structure. national accountability. gross domestic product (gdp) and gross national product (gnp). interconnection system of macroeconomic indicators. appropriation of national wealth and income from its use. the problem of accuracy of macroeconomic indicators. net economic welfare.

4. 4.
   General economic equilibrium and macroeconomic efficiency.Lecture

   The essence and most important theories of macroeconomic (general) equilibrium. a general perception of the efficiency of the national economy. the concept of maximum economic efficiency.

5. 5.
   Keynesian model of macroeconomic equilibrium: consumption, savings and investments.Lecture

   Consumption and collection. moderate and extreme propensity to consume and accumulate. investment expenditure and investment demand. a simple keynesian model of macroeconomic equilibrium.

6. 6.
   Macroeconomic disequilibrium and the theory of economic development cycles.Lecture

   Cycles and cyclicality as a form of economic system development. types of economic cycles and the main forms of crisis. the most important theories of economic cycles. causes of cyclicality and factors determining the stable non-equilibrium state of economic systems. anticyclic regulation. stabilizer programs.

7. 7.
   Economic instability and unemployment.Lecture

   Evolutionary development of employment theory. unemployment and its types. causes of unemployment. indicators of unemployment and factors determining its dynamics. economic and social (non-economic) costs. oaken's law. regulation of the labor market by the state.

8. 8.
   Macroeconomic instability and inflation.Lecture

   Nature and types of inflation. conditions and causes of inflation. inflation measurement mechanism and methods. anti-inflation policy.

9. 9.
   Theoretical model of monetary system and money market.Lecture

   Money circulation and monetary system. money supply and its calculation indicators. money market. money supply and demand. monetary policy: objectives and tools.

10. 10.
    Credit-banking system.Lecture

    Functions and role of credit in the market economy. the emergence of banks and bank lending. forms of credit. credit system and its development in modern conditions. commercial banks and their functions in the market economy. the central bank and its functions in the market economy.

11. 11.
    Economic theory of finance and taxation and public expenditure.Lecture

    The essence of finance and its role in modern society. theoretical concepts of public finances and their evolution. state budget: ways of formation and use. economic theory of taxation and public expenditure. fiscal policy. general characteristics of budget deficit and public debt.

12. 12.
    Modeling consumption. theoretical models of investments.Lecture

    Neoclassical concept of consumption. keynesian concept of consumption. modigliani's life cycle theory. monetarist concept (permanent income theory). neoclassical theory of fixed capital investments. tobin ratio and fixed capital investments. keynesian investment theory. investments in housing construction. reserve investments.

13. 13.
    The impact of budget and tax policy on economic processes.Lecture

    Budget - tax policy, its goals and objectives. discrete and automatic budget - the mechanism of conducting tax policy. budget balancing methods and the role of budget deficit in economic development. the main models of public debt and its impact on the economy. assessments of the effectiveness of the budget - tax policy.

14. 14.
    International monetary relations and the world monetary system.Lecture

    Currency types and their conversion problems. exchange rates and classification of world currencies. factors determining equilibrium and nominal exchange rate in the foreign exchange market. currency markets. types of transactions in the foreign exchange market. features of the russian currency market. balance of payments: main parameters, sources and classification criteria.

No reading list has been added.