AGRICULTURAL
UNIVERSITY OF ATHENS
Department of Rural
Agricultural Economy

Macroeconomics I

Content

• Introduction: real and nominal GDP, composition of GDP, statistics
• Classic theory
• Economic fluctuations
• Market of Goods and Money, the IS-LM model
• The Labour Market
• General Equilibrium
• Unemployment rate, expectations and the Philips curve
• Economic activity and interdependence among basic macroeconomic variables
• Pathology in Macroeconomics: Economic crises and recessions, high (or hyper-) inflation
• Public debt and fiscal deficits

Learning results

On completion of this course the student will be able to:

  • Describe the estimation-composition of the national product
  • Define the national product
  • Describe the role of the public and private sectors in determining the national income
  • Use basic macroeconomic models to explain how the general equilibrium is defined and to estimate basic macroeconomic variables (real GDP, level of employment, unemployment rate, the level of prices, investment and savings.
  • Analyse the short- and long-term consequences of applied economic policies and of exogenous events.

Describe alternative theoretical macroeconomic approaches and understand the existing/current juxtapositions on the consequences of applied macroeconomic policies

Bibliography

Textbooks in Greek:
Mankiw G, Ball L., Macroeconomics and the financial system, 2013, Ed: Gutenberg
Blanchard, Ο., Macroeconomics, 2011, Ed: Epikentro
Krugman Paul, Wells Robin, Macroeconomics, 2009, Ed: Epikentro
Stiglitz J, Walsh C., 2009, Pronciples of Macroeconomics, Ed: Papazisi
Textbooks in English
Ο. Blanchard, Macroeconomics, Prentice-Hall.
G.Μankiw, Macroeconomics, Worth Publishers
R. Dornbusch, S. Fisher, R. Startz, Macroeconomics, McGraw Hill.
P.Krugman, R. Wells & K. Graddy, Macroeconomics-European Edition, Worth Publishers.
W. Carlin & D. Socskice, Macroeconomics, Prentice-Hall

Faculty

210 529 4725
goussios@aua.gr
Ioannis Goussios is a member of the Laboratory and Teaching Staff at the Laboratory […]
2105294888
stefanos@aua.gr
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots […]

NEWSLETTER

It is the only Greek University Department with the objective of training agroeconomists able to meet the demands of this new period in Greek agriculture which was inaugurated with the entry of Greece into the E.U.
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