SMK-College of Social ScienceUlonų g. 5, LT.08240Vilnius-LITHUANIAwww.smk.lt

COLLEGE OF SOCIAL SCIENCESVILNIUS BRANCH

MACROECONOMICS FALL SEMESTER 2009

CONTENTS OF THE FINAL EXAM

First part (for those who didn’t pass the MID-TERM EXAM and for thosestudents who want to improve their marks)

1. Ten principles of Economics (Chapter 1 GM)2. Thinking like an economist (Chapter 2 GM)3. Interdependence and gains from trade (Chapter 3 GM)4. Measuring the nation income (Chapter 22 GM)5. Measuring the cost of living (Chapter 23 GM)6. Production and growth (Chapter 24 GM)7. Saving, investment and the financial system (Chapter 25 GM )8. The short-run trade-off between inflation and unemployment (Chapter 33GM)

Second part (for all the students)1.The basic tools of finance (you can download from my blog)2.Monetary System (Chapter 27GM)

Money Growth and Inflation (Chapter 28 GM )

Open Economy : macroeconomics basic concepts (Chapter 29 GM )5.International Trade (Chapter 9 GM)

Aggregate demand and aggregate supply (Chapter 31 GM )7.A macroeconomic theory of the open economy (Chapter 30 GM)

I remind you the SCHEDULE from now till the end of the course

10 of December

is the dead-line for the delivering of your essays andhomework. You have in my blog

already the readings for the writingyour essays and two sets of problems.

You have the following

3 readings

(with the label SMK_MACRO2009) a) Hal Varian paper: “What use is economic theory?” by Hal R. Varian.b) Paul Krugman article: “How did economist get it wroing?” by PaulKrugmanc) Gregory Mankiw paper: “Real Business cycles: a new Keynesianperspective” by G. Mankiw.