MODULE 2: Business Economics 

Unit 2.2: Overview of macroeconomics

Coordinators:  Batjargal Natsagdorj, Gantulga Tsambaa, Mongolian University of Life Science

Lecturer:  Batjargal Natsagdorj, Mongolian University of Life Science, a Guest lecturer from the List of teachers within the AGRIMBA network (Annex 1)

Macroeconomics

To improve personal knowledge of theoretical, methodological, and applied positions of macroeconomics.

To Define ‘gross domestic product’ and to Identify how inflation plays a role in GDP

To study The influence of fiscal policy on the macroeconomy, Effect on tax, interest Rates, Capital Formation, and international Capital Flows.

To explain Monetary policy, Objectives of monetary policy, Instruments of monetary policy, Limitations of monetary policy.

To learn Inflation, Types of inflation, Effects of inflation, Methods of controlling inflation.

To describe the Business cycle, Characteristic features of the business cycle, Various phases of a business cycle, Theories on the business cycle.

To study Employment and unemployment concepts, Types of unemployment, Technology, and employment.

Lectures

Interaction with teachers and fellow students

Self-guided group work

Economic Growth

Fiscal policy

Monetary policy

Inflation

Business cycle

Employment And Unemployment

Carrying out of exercises and tests

Written and oral exam

Parkin, Michael Macroeconomics /Michael Park.in.-8th ed. ISBN 978-99978-0-203-3– 25 p. (Chapter 21), – 48 p. (Chapter 22), – 75 p. (Chapter 23), – 275 p. (Chapter 30), – 304 p. (Chapter 31)