Knowledge

To define & interpret the basic concepts of the Macroeconomic Open Economy, to understand the interconnection created with the Financial System & to identify the factors that affect the effectiveness of the Design & Implementation of the Economic Policy (Fiscal - Monetary)

To understand terms, concepts & variables, used in the Theory of Economic Growth

To articulate & explain the Microeconomic background of Macroeconomics

Categorize & Summarize the Determinants That Shape International Exchange Rates

To describe the structure & operation of the Financial System

Abilities:

Compute & Verify Quantitative Measurements & Statistics used in Advanced Macroeconomic Analysis

To distinguish the Determinants & sources that interpret Economic Growth issues

To carry out the interpretive analysis of Solow's Economic Growth Model

To use Microeconomics Models & to verify the different Macroeconomic implications

Explain & analyze issues regarding the Short-Run Two-Way Relationship between Inflation & Unemployment & understand the role played by Expectations

Familiarize & manage the conceptual and substantive differences between Open & Closed Economy

Decode & present the characteristics of Exchange Rates & interpret their interaction with the Trade Balance

Familiarize & manage the conceptual and substantive differences between the different Exchange Rate Systems

To carry out the interpretive analysis of the Mundell-Fleming Model & its connection with the study of the Economic Policy (Fiscal - Monetary) of an Open Economy

To carry out the interpretative analysis of the role & function of the Financial System, its connection with the Economy & its limitations

To identify & explain the fundamental characteristics that contribute to the outbreak of an Economic crisis of the Financial System

Stands:

To evaluate & contrast arguments, regarding the Design & Implementation of Economic Policies (Fiscal - Monetary), their connection with the Financial System & their effects on the Real Economy (Businesses - Households)