Macroeconomic Analysis

Macroeconomic analysis is an "alphabet" and "big picture" of the economy. It includes a very complex and demanding area of theory and practice. It examines the basic economic principles, the manner of functioning of the economy, basic economic policies, their impact on the realization of basic macroeconomic goals, causes and consequences of the main macroeconomic trends. The aim of this subject is that students of doctoral studies, after mastering this very complex matter in undergraduate and master studies, approach studying of macroeconomics at the highest level with the use of econometric analysis.

Macroeconomic analysis is a very complex area of theory and practice. The main outcome studying this scientific discipline is that students of doctoral studies, after mastering this very demanding and complex matter, can more easily and quickly understand the comprehensive analysis of modern macroeconomic issues and approach solving practical macroeconomic issues, whose importance is now far greater than ever before. After gaining a detailed knowledge in the basic and master studies about basic economic principles, the manner of functioning of the economy, basic economic policies, their impact on the realization of basic macroeconomic goals, causes and consequences of the main macroeconomic trends, macroeconomic analysis in doctoral studies is taught at the highest level which, in addition to theoretical knowledge, also demands the application of econometric analysis in order to solve specific macroeconomic problems in practice.

Macroeconomic equilibrium. Monetary policy. Monetary strategies. Exchange Rates. Foreign exchange reserves. Foreign exchange crises. Inflation. Economic growth. Unemployment. Fiscal policy. Public debt. Balance of payments. Aggregate supply and aggregate demand. Economic shocks.

Lectures, seminar classes and practical exercises.

Study research pre-exam paper and taking final oral exam.

Burda, M.; Viploš, Č (2012). Macroeconomics. Belgrade: Faculty of Economics (translated from English). Fabris, N. (2006). Central banking in theory and practice. The Central Bank of Montenegro. Articles with topics from the subject content and other relevant macroeconomic topics published in highly ranked international journals.