Course code EkonP198
Faculty Faculty of Education, Psychology and Art, Faculty of Business, Management and Economics, Faculty of Humanities
Credit points, number of lectures
Credit points ECTS Credit points Total number of auditorium hours Number of lecture hours Number of seminars and practical work hours Number of student independent work hours
4 6 64 32 32 96
E-courses 2EKOP198-EN-PLK: Macroeconomics 2EKOP198-LV-NLK-NLN: Macroeconomics 2EKOP198-EN-NLN: Macroeconomics 2EKOP198-LV-PLK: Macroeconomics
Course annotation Course goal – a theoretical knowledge and practical skills about the main macroeconomic problems and relationships in the national economy would be provided to students. The topics deals with the main macroeconomic problems and economic adjustment policies. Course studies develops theoretical thinking and certain skills to valuate different economic situations.

Course objectives:
1. to understand economic systems and it's structure, existing relationships between economic sectors;
2. to valuate the main principles of market economy, demand and supply sides in different markets and their role in the national economy;
3. to develop knowledge about economic development and adjustment possibilities, policies and tools.

The language of instruction is Latvian.

Course responsible lecturer Jānis Priede
Results Studies provides knowledge about understanding the main macroeconomic relationships, sectors role in market economy and practical skills to valuate possible side effects.
1. shows basic knowledge in economic theory, understands the differences between different economical schools,
2. identify macroeconomics concepts and problems,
3. describes the place and role of the economic sectors and different markets in the common economic system,
4. understands and critically evaluates the basic laws and regularities of economic development,
5. explains economic processes using various economic models and their graphical interpretation.

6. calculates the equilibrium income and illustrates the results graphically,
7. using the acquired theoretical foundations and skills, are able to find solutions to various economic problems,
8. analyzes inflation, unemployment, productivity and other macroeconomic indicators, calculates them,
9.assesses the causes and consequences of economic instability,
10.demonstrates an understanding of macroeconomic interactions, as well as national macroeconomic policies and their implementation tools,
11.presents the results of the analysis on current economic problems.

12. independently analyzes and evaluates the economic processes and macroeconomic environment in the national economy, its development trends and prospects in Latvia and other country,
13. uses the opinions of economic theory in the evaluation and analysis of concrete facts,

14. apply different methods of economic analysis in decision-making and are able to find creative solutions in non-standard situations.
Course plan No. Topic Load (hours)
1. Introduction the macroeconomics, issues and controversies. lectures 2. seminars 2
2. Economic sectors and its relationship in the market economy. lectures 2. seminars 2
3. Measuring of macroeconomic activities, business cycles. lectures 4. seminars 4
4. Consumption and saving, their influence to different economic processes. lectures 2. seminars 2
5. Equilibrium in goods market and multiplier. lectures 4. seminars 4
6. Money and capital market, equilibrium in money market. lectures 2. seminars 2
7. Monetary policy and bank system. lectures 4. seminars 2
8. Relationships between goods and money market. Mixed fiscal and monetary policy. lectures 2. seminars 4
9. IS-LM model and its economic interpretation. lectures 6. seminars 6
10. Economics development in long run. lectures 4. seminars 4

Calendar plan for part-time students available in the e-environment.

Requirements for obtaining credit points Participation in lectures and seminar-obligatory.
Intermediate assessment:
1. Presentation of study results in seminars (20%);
2, Passed written intermediate exams (30%), after the first five course themes;
Final assessment:
3. exam (50%).
Final exam (written) - the problem situation and conditional tasks in accordance with the course program.
Final exam can sort only if successfully passed the intermediate exams for the first five course topics.
Study programmes Secondary Education Teacher of Economics in
Business Administration
Financial Management
Business Administration
Secondary Education Teacher of Economics
E-Business and Logistics Management Systems
Insurance and Finance
International Economics and Commercial Diplomacy
International Economics and Commercial Diplomacy
Accounting, Analysis and Audit
Modern Language and Business Studies