ECONOMICS II - BMEGT30A103

The aim of the course is to describe some important real world phenomena in the framework of national accounting, including especially the functioning of the monetary system (increasing stock of money and loan), public debt, unemployment, crisis, cycles and economic growth. In addition to an introduction into the basic notions and principles, we link together theory and practice through genuine national accounting and financial data published by the statistical office and the central bank.

1. the framework of inational accouting, payment systemsa and basic terms used in makroeconomics;
2. rules of different monetary systems,
3. the modern private credit-money system and the Chicago-plan aiming to reform it
4. notion of unemployment,
5. input-output analysis method to describe multi sector models,
6. the effects of basic economic intervention
7. the main propositions of the Keynesian theory and of the general equilibrium theory

1. interpret real economies with absract models
2. interpret genuine economic data published by the statistical office,
3. analyse economic process,
4. identify economic problems and also the tools to answer these problems
5. formulate scientific propositions
6. present ideas in a comprehensive manner

1. collaborate with their instructors and fellow students during the learning process,
2. sociable, ethical and objective attude toward socio-economic problems
3. gain knowledge and information,
4. are open to learn and adapt the methodology of information technology tools
5. are aiming at precise and correct problem solution.

1. independently formulate and solve problems related to macroeconomic process,
2. take responsability for their work and professional progress
3. are open for reliable critical remarks
4. use scientific thinking.

Lectures, computational exercises and communication in written and oral form.

• Gilányi, Zs.(2020), Piacgazda(g)ság: oikonomia vagy khrematistiké?, Akadémia kiadó.
• Benes J.-Kumhof M. (2012), The Chicago Plan Revisited, IMF Working Paper.
• Cartelier J. (2018), Money, Markets and Capital, Routledge.
• L-Randall Wray (2015), Modern Money Theory, Palgrave

Assessment of learning outcomes described under 2.2. is based on 6 obligatory and 4 optional written tests during the semester (learing unit assessement), and during the exam session an overall written assessement (written exam).

A. Szorgalmi időszakban végzett teljesítményértékelések részletes leírása - Detailed description of assesments during the semester: 1. Részteljesítmény-értékelés (ellenőrző dolgozat): a tantárgy tudás, képesség, valamint önállóság típusú kompe-tenciaelemeinek komplex értékelési módja, melynek megjelenési formája az ellenőrző dolgozat, amelynek tartalmát, követelményeit és értékelési módját a tantárgy előadója határozza meg. 1. Learning unit assessment: the precise from, content and assessment of the written test is to be determined by the lecturer. B. Vizsgaidőszakban végzett teljesítményértékelés (vizsga) – assessment in exam session (exam) A vizsga elemei – elements of the exam: 1. Írásbeli teljesítményértékelés (vizsga): a tantárgy tudás, képesség, attitűd valamint önállóság és felelősség tí-pusú kompetenciaelemeinek komplex értékelési módja, melynek megjelenési formája az írásbeli vizsga, amelynek tartalmát, követelményeit és értékelési módját a tantárgy előadója határozza meg. 2. Évközi eredmények beszámítása: az évközi eredmény a vizsgára bocsájtás (aláírás megszerzésének) feltétele, és az érdemjegy kialakításában is szerepet játszik. 1. Written assessment (exam): the precise from, content and assessment of the written test is to be determined by the lecturer. 2. During the semester assessment in final grading: prerequisite for exam admittance and also included in final grading

• 1. learing unit assessment (1. test): 0 vagy/or 25%
• 2. learing unit assessment (2. test): 0 vagy/or 25%
• 3. learing unit assessment (3. test): 0 vagy/or 25%
• 4. learing unit assessment (4. test): 0 vagy/or 25%
• 5. learing unit assessment (5. test): 0 vagy/or 25%
• 6. learing unit assessment (6. test): 0 vagy/or 25%
• total: 100%

• written exam: 72%
• during semester assessments: 28%
• total: 100%+

The condition to obtain the singiture (to present at the exam) is to achieve at least 50% of 4 during the period tests out of the 6.

During semester tests cannot be made up or retaken. The admittance to exam is determined by the best 4 test out of the 6. The written exam can be retaken and made up according to the general rules on studies and exam fixed by the university.

Consulted with the Faculty Student Representative Committee, approved by dr. Lógó Emma, Vice Dean for Educatio. Date: 05. 13. 2019. Valid from September 1, 2019.

Subject includes the topics detailed in the course syllabus to ensure learning outcomes listed under 2.2. can be achieved. Timing of the topics may be affected by calendar or other circumstances in each semester

Part I-III of the Subject Form is to be approved by the Head of Department of Economics named under 1.8.