CREDITS 2 (LV) 3 (ECTS) - 30 Contact Hours

Macroeconomics describes how economic systems work and explores issues such as: economic growth, business cycle, inflation, unemployment, investment, international trade and international capital mobility. The course will present all major macroeconomic variables and how they interact in the context of the global economy plus how the government via fiscal policy and the central bank via monetary policy can influence these variables. Latvia and economic policy in Latvia will be used extensively via examples. Macroeconomics also analyses the interdependence between banks, financial markets and the real economy.