The main aims of this course are: to provide a general macroeconomic background to facilitate the understanding of the particular functions of the economy to offer an opportunity for the students to connect economic activities at micro-macro-regional level to familiarize the students with the application and policy case of general equilibrium models to provide a broader background of connection among agriculture - rural areas and general economy to offer an understanding of macro policy tools that affect agriculture and agricultural business.
The student will be able to understand the macroeconomic environment at a macro-level of the economy and how each activity is placed in two environments. Students will understand the function of the agricultural and rural economy and its interconnection with the rest of the economy. Students will be able to apply their gained knowledge empirically. Students can use their skills to reason and to develop their own hypotheses and thoughts. Students will develop skills to integrate knowledge and to synthesize results in a comprehensive way.
The course will provide an intensive knowledge of the main aspects of macro analysis, and the concepts of GNP and income and factors associated with their determination. A description of the demand and supply side equilibrium. The main economic policy tools (monetary, fiscal, income policy). Input/output relations and interdependencies between agricultural and non-agricultural sectors. The multipliers effects at macro and sectoral level.
The prime modes delivery are reading, lecture, discussion and creative intersection. Lectures are given in an adaptive to the students general background and through discussions and interactions students’ general knowledge is connected and placed in the macro economic level. Actions and policy measures are explained within a macroeconomic framework. Mathematical approach to explain basic macro concepts is assessed.
Final exam: comprehensive, mixture of question types.