National accounts. Gross national product and net national product. The basic macroeconomic identities. Price indices and the time value of money. Income, expenditure, and output equilibrium. The multiplier. Public sector and income equilibrium. Money, interest, and income. The goods market and the IS curve. The asset markets and the LM curve. Aggregate supply and aggregate demand. International interconnections of an open economy. Consumption, saving, and investment spending. Fixed capital investment: the neoclassical and Keynesian approach. Long-term growth and productivity.
- Teacher: Παναγιώτης Μιχαηλίδης
ECTS : 4
Language : el