The aim:
1. Getting to know the basic macroeconomic categories.
2. Getting to know causality in macroeconomics.

Acquired knowledge:
1. Student identifies individual macroeconomic concepts.
2. Student identifies cause and effect relationships in the macroeconomy.

Acquired skills:
1. Student classifies macroeconomic phenomena.
2. Student finds the causes of macroeconomic changes.

Acquired social skills:
1. Student is able to translate macroeconomic models into everyday reality.

Course contents: 
1. Malthusian law of population.
2. World economic history.
3. Various theories of growth.
4. Logic of growth, innovations from agricultural through industry to services.
5. Long run growth and short run fluctuations.
6. Basic macroeconomic indicators, GDP, inflation, unemployment.
7. Stock market and business cycles.
8. Recessions and unemployment.
9. Modern banking system: base money and banking money.
10. Quantity Theory of Money and its limits.
11. Inflation and monetary policy.
12. Economics of taxation.
13. Fiscal policy and public budget.
14. Monetary systems (floating currencies, gold standard, currency board).
15. International capital flows.

Recommended reading: 
1. Snowdon and Vane. Modern Macroeconomics

Additional reading: 
1. G. Mankiw. Macroeconomics.