MACRO FINANCES - BMEGT35A011

The main objective of the course is to acquaint students with the main areas of macroeconomic finance (monetary policy and fiscal policy), their contexts. The central issues of monetary policy are the following: price and exchange rate stability, inflation, furthermore the instruments of central banks and money creation. The focus of fiscal policy are the revenue and expenditure side of the budget, the relationship between burden sharing, public spending and the budgetary balance and government debt. In addition, it is necessary to examine them in a cross-border dimension (competitiveness, sovereign debt crisis). Demographic problems are one of the biggest challenges of our time. We also expanded the curriculum with basic demographic knowledge and its macroeconomic effects.

1. the concept and definitions of macro-finance,
2. the most important macro-financial relations and theories,
3. the purpose and instruments of monetary systems and policy,
4. the fiscal policy, public finances and budgetary system
5. the structure and process of the budget
6. tax theories
7. demographic knowledge

1. analyze the most important macro-financial processes and developments in practice from economic as-pects
2. use the vocabulary in economics on macro-financial developments and processes,
3. plan and organize independent learning,
4. comprehend and use the professional literature of the topic,
5. grasp the professional language in writing and speech,
6. recognize and solve practical professional problems.

1. are open to learn and adapt the methodology of equity investments,
2. collaborate with their instructors and fellow students during the learning process,
3. gain knowledge and information,
4. are open to critical thinking.

1. are open to accept reliable critical remarks,
2. are able to solve practical professional problems independently.

Lectures and written communication, use of ICT tools and techniques.

• A moodle rendszerben az aktuális részletes leírása feltöltésre kerül.
• In the Moodle system, the detailed uptodate descrption is uploaded.

Assessment of the learning outcomes described under 2.2. is based on one written end-term test; but the result can be imporved with extra midterm scores.

In order to obtain a ‘Signed’ mark, students are required to fulfil the attendance, participation requirements (the number of allowed absences is three), the completion of attendance and written, homework issued during the year, and activity on the lessons. Final written exam, and additonal mid term exam, test (matching, embedded answers (cloze), multiple choice, random short answer matching, select missing words, short-answer, numerical, true/false) The result can be imporved with extra 20% by midterm scores.

• Optional: 20

• Written exam: 80

The rules specific to the exam period apply

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 04.03.2024.

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.