Course for international guest/part time students
- Faculty
- Faculty of Economics
- Organization
- GTK Department of Comparative Economics
- Code
- GTI23AN406EN
- Title
- Economic Policy
- Usual semester
- Spring
- Published semester
- 2024/25/2
- ECTS
- 3
- Language
- en
- Learning outcomes
- The main goal of the course is to offer an introductory insight into the fundamental concepts, mechanisms and dilemmas of economic policy. In doing so, we start with the major schools of and approaches to economic policy. We also introduce the determining external environment of national economic policies that is globalization. Thereafter, the course deals with the two major fields of economic policy: fiscal policy and monetary policy. In the second part of the course, we pay attention to some important, current topics in economic policy. First, we investigate the challenges of economic policy in the 21st century with a particular focus on digitalization, rising income and wealth inequalities, and financial innovations. Second, we explore the evolution of the state-market nexus throughout the last one and a half centuries and the concept of the developmental state and its limits in the 21st century. Finally, we deal with financial crises highlighting their possible causes, basic mechanisms, and notorious incidences in emerging markets. We also discuss the roots and lessons of the 2008/09 global financial crisis. By attending the course, the students will be able to approach and interpret the ongoing economic and social processes in a balanced and professional way.
- Course content
- 1. The foundations of economic policy (main schools and concepts) 2. Fiscal policy 3. Monetary policy 4. Challenges of economic policy in the 21st century (digitalization, income inequality, financial innovations) 5. State and markets: the tendencies of state intervention and the developmental state 6. Financial crises: the major emerging market crises and the 2008/09 global financial crisis
- Assessment method
- The principles and rules of assessment are availale at the following site: https://gtk.elte.hu/bscorarend?m=6656
- Bibliography
- See the literature list uploaded to the Moodle page of the course.