Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 2
Type of classes: Nappali Language: angol Semester: 2019/20/1
Level: ERASMUS; Villamosmérnök angol nyelvû képzés ;
Responsible Teacher: Dr. Medve András Teacher(s): Dr. Gyarmati Gábor;
Consultations (total/week): Heti Lectures: 2 Practice lectures: 0 Labs: 0 Consultations: 0
Type of Exam: félévközi jegy
Aim of the subject: The Macroeconomic course is about to deliver basic knowledge in relation with the mechanisms of the economy in a modeled way with the tools of
positive economics. Our aim is to allow students to understand today’s economic environment.
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
part and final
oral/written exam etc.):
The final mark will be composed of two mid-term tests during the semester. A presentation could increase the final mark.

Week of
Topics of lectures/practices
1. Definition and Determination of National Income.
2. Components of aggregate demand.
3. Fiscal Policy and Foreign Trade
4. Money and Banking
5. Interest rates
6. Monetary and Fiscal Policy
7. Demand and Supply in Macroeconomics
8. Inflation
9. Expectations and Unemployment
10. Open Economy
11. Economic Growth
12. Fluctuations, Cycles and Economic Policy
13. Economic Policy
14. Summary
Compulsory literature: Begg, Fisher, Dornbush: Economics, McGraw-Hill Education (11th Edition)
Suggested literature: Samuelson, Nordhaus: Economics (2009)