Macroeconomics I

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Course Name: Macroeconomics I

Teachers: Christodoulos Stefanadis

School: Finance and Statistics

Department: Banking and Financial Management

Level: Undergraduate

Course ID: ΧΡΜΑΚ01 Semester: 2nd

Course Type: Core Course

Prerequisites: –

Teaching and Exams Language: Greek

Course Availability to Erasmus Students: Yes (in English)

Course webpage: 

Specific Teaching Activities

Weekly Teaching Hours
Credit Units

Course Content

  • Gross Domestic Product (GDP).
  • Measuring the Cost of Living.
  • Economic Growth.
  • Factor Markets.
  • Saving, Investment and the Financial System.
  • Unemployment.
  • Business Cycles – The Keynesian Cross, the IS/LM Model.
  • Aggregate Demand and Supply.
  • Money and Inflation.
  • Open Economy.

Teaching Results

The course focuses on several models that are used by economists to assess the economic environment of a country. It discusses the causes and mechanisms of long-term economic growth. It also discusses the causes and mechanisms of short-term business cycles, especially recessions. Several relevant government policies are examined in detail.

After the successful completion of the course, students will be able to:

• Understand the basic tools and techniques of macroeconomics.
• Understand the characteristics of long-term economic growth.
• Understand the characteristics of short-term business cycles.
• Discuss several relevant government policies.


  • Independent work.
  • Creative and analytical thinking.
  • Generation of new research ideas.

Teaching and Learning Methods - Evaluation

Lecture: Ιn Class

Use of Information and Communication Technologies:

Teaching Analysis: 


Semester Workload
Autonomous study

Student Evaluation:

Final exam (100%).

Recommended Bibliography

– Recommended Bibliography: N. Gregory Mankiw and Laurence M. Ball. Macroeconomics and the Financial System, 2013.

– Related scientific journals: