Actualités et agenda
Nos formations
Présentation
The objective of the course is to provide a systematic introduction to macroeconomics for students of economic policy and to help a student to understand the key elements of economic policy. The course is designed to provide students with a unified framework that can be used to analyze key macroeconomic issues such as economic growth, inflation, monetary and fiscal policy, budget deficits, productivity, interest rates, trade balance, etc.
This course will begin with some basic concept economics (aggregate output, prices and economic growth, etc), then introduction of monetary and fiscal policy, including their use by central banks and governments. Next follows a discussion on the flows of goods and services and physical and financial capital that occur across national borders. We will also discuss the relationships between different types of flows and the benefits of trade-to-trade partners.
1. Aggregate output, prices and economic growth
- Aggregate output, aggregate demand and aggregate supply
2. Monetary Policy
- Money, Money creation process, Quantity theory, Supply & Demand, Fisher effect, Role of central bank, Objectives of monetary policy, Inflation, Money policy tools
3. Fiscal Policy
- Roles and objectives of fiscal policy, fiscal policy tools, fiscal policy implementation
4. The interactions between Monetary Policy & Fiscal Policy
5. International Trade and Capital Flows
- Patterns & trends, absolute and comparative advantage, trade restrictions and their implications, the balance of payments, the function and objectives of international organizations that facilitate trade
Modalités
The teaching philosophy revolves around an effective team working and the use of cases studies.
Ressources
Economics, CFA Program Curriculum 2022 Level 1, Volume 2, CFA Institute||