document

SYLLABUS
2. Course description 2.1 The name of discipline Financial Macroeconomics Course Code 14.0215ZI2.1-0002 2.2 Professor for the course Prof.univ.dr. Iulian Brasoveanu 2.3 Professor for the seminar Prof.univ.dr. Iulian Brasoveanu 2.4 Year of Study II 2.5
Semester I 2.6 Type of the
evaluation Exam 2.7 Type of
the course Mandatory
3. Total estimated time (hours/semester of didactic activities)3.1 Total number of teaching hours per week
3 of which: 3.2 course
2 3.3 seminar/lab activities
1
3.4 Total number of teaching hours per semester (cf. curricula)
42 of which: 3.5 course
28 3.6 seminar/lab activities
14
Time allotment for individual study HoursStudy of the lecture notes, course support, bibliography 40Additional documentation (in libraries, on electronic platforms, field documentation) 18Preparation for seminar/ lab classes, homework, referrals, projects and essays 18Tutorship 10Evaluation 2Other activities: Work on the projects assigned at the seminar 203.7 Total number of hours for individual study 108
3.8 Total number of hours per semester (teaching hours and individual study)
150
3. 9 Number of ECTS credits allocated 6
1. Program description 1.1 University Bucharest University of Economic Studies 1.2 Faculty Finance, Insurance, Banks and Stock Exchanges 1.3 Department Finance 1.4 Field of study Finance 1.5 Study cycle Master 1.6 Program of study/ Qualification Financial management and investments
4. Pre-requisites (if necessary) 4.1 curriculum 4.2 competences Current use of specific tools for Macroeconomics, of the statistic and
econometric methods

8. Content
8. 1 Course Teaching methods Remarks
Introductory course - Scope and principles of the financial macroeconomics
1 lecture Active lecture, permanent interaction with the students. The lectures are using Power-Point support, Excel support and access to other multimedia resources.
It is recommended for the students to previously read the lecture support material in order to be able to interact during class.
Aggregate demand and supply 1 lecture; Idem Business cycle 1 lecture Idem
5. Requirements ( if necessary ) 5.1. regarding course delivery
Lectures take place in rooms with multimedia teaching equipment 5.2. regarding seminar delivery
Seminars take place in rooms with multimedia teaching equipment
6. Specific competencies acquired
Prof
essi
onal
co
mpe
tenc
ies
C1 - The use of scientific concepts and methods in interdisciplinary areas
C5 - Modelling and analyzing the financial macroeconomic indicators
7. Objectives of the discipline (outcome of the acquired competencies) 7.1 General objective of the discipline
Advanced use of the principles, methods, techniques and tools specific to financial macroeconomics
7.2 Specific objective of the discipline
Experimental use of the principles, methods, techniques and tools specific to financial macroeconomics;
Current use of the macroeconomic, statistic and econometric knowledge
Developing the knowledge and abilities required to achieve further macroeconomic studies and research projects on macroeconomic policies in national and international context
Analysing the connections between the principal macroeconomic indicators (inflation rate, unemployment rate, public debt, current account, public budget)

Measuring National Income and Growth 1 lectures Idem Economic growth theories 1 lectures Idem Monetary policy instruments; Inflation and unemployment
1 lecture Idem
Monetary policy in the international context 1 lecture Idem International Trade and Capital Flows 1 lecture Idem Fiscal policy (fiscal balance, Laffer curve, fiscal
multiplier, crowding-out, intergenerational effects, discretionary fiscal policy, automatic stabilizers)
1 lectures Idem
Effects of Government Regulation 1 lecture Idem Public deficit and public debt 1 lecture Idem Fiscal adjustment policies 1 lecture Idem Tax evasion 1 lecture Idem Fiscal policy in Romania and in European Union 1 lecture Idem
Bibliography
Barro, Robert, Macroeconomics, MIT Press, Cambridge, Cambridge, 1997 Barro, Robert; Grilli, Vittorio, European Macroeconomics, Macmillan, New York, 1994 Braoveanu, Iulian Analize ale politcii fiscale n Romnia i n statele membre ale UE,
ASE Publishing House, Bucharest, 2009 Cmpeanu, Emilia Teorii privind echilibrul financiar public, Universitar Publishing
House, Bucharest, 2005 Mankiw, N, Gregory Macroeconomics, 4th ed., New York: Worth Publishers, 2000 Obreja Braoveanu, Laura Impactul politicii fiscale asupra creterii economice, ASE
Publishing House, Bucharest, 2007 Stiglitz, Joseph, Principles of Macroeconomics, W.W.Norton, London, 1997 Stoian, Andreea Dezechilibrele bugetului public n contextul economic actual, ASE
Publishing House, Bucharest, 2009 8. 2 Seminar/lab activities Teaching methods Remarks Aggregate demand and
supply Applications The applications are selected from the
course support material. Business cycle Applications The applications are selected from the
course support material. Measuring National
Income and Growth Applications The applications are selected from the
course support material. Economic growth
theories Applications Case study
The applications are selected from the course support material. Each project group works on their own case study (the country that was chosen for analysis)
Monetary policy instruments;
Inflation and unemployment
Applications Case study

Monetary policy in the international context
International Trade and Capital Flows
Fiscal policy (fiscal balance, Laffer curve, fiscal multiplier, crowding-out, intergenerational effects, discretionary fiscal policy, automatic stabilizers)
Effects of Government Regulation
Public deficit and public debt
Fiscal adjustment policies Applications Case study
Tax evasion Applications Case study
Fiscal policy in Romania Applications Case study
Fiscal policy in European Applications The applications are selected from the

Union Case study
course support material. Each project group works on their own case study (the country that was chosen for analysis)
Bibliography
Barro, Robert, Macroeconomics, MIT Press, Cambridge, Cambridge, 1997 Barro, Robert; Grilli, Vittorio, European Macroeconomics, Macmillan, New York, 1994 Braoveanu, Iulian Analize ale politcii fiscale n Romnia i n statele membre ale UE,
ASE Publishing House, Bucharest, 2009 Cmpeanu, Emilia Teorii privind echilibrul financiar public, Universitar Publishing
House, Bucharest, 2005 Durlauf, N. Steven, Danny T. Quah, The New Empirics of Economic Growth, Handbook of
Macroeconomics,ed. John Taylor, Michael Woddford, 1999 Mankiw, N, Gregory Macroeconomics, 4th ed., New York: Worth Publishers, 2000 Mcgrattan, Ellen R., James A. Schmitz, Jr, Explaining Cross-Country Income Differences,
Handbook of Macroeconomics, ed. John Taylor, Michael Woddford, 1999 Obreja Braoveanu, Laura Impactul politicii fiscale asupra creterii economice, ASE
Publishing House, Bucharest, 2007 Solow, Robert M., Neoclassical Growth Theory, Handbook of Macroeconomics, ed. John
Taylor, Michael Woddford, 1999 Stiglitz, Joseph, Principles of Macroeconomics, W.W.Norton, London, 1997 Stoian, Andreea Dezechilibrele bugetului public n contextul economic actual, ASE
Publishing House, Bucharest, 2009
10. Evaluation
Type of activity 10.1 Evaluation criteria 10.2 Evaluation methods 10.3 Share in the final grade (%)
10.4 Course
Subjects including problems that require the application of techniques and tools of financial macroeconomics and interpretation of results
Written exam
70%
9. Corroborating the content of the discipline with the

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