SHEB208 Project: Principles of macroeconomics


Economics concepts are very useful in explaining real world issues. In order for the students to enhance their learning, and to make their studies more interesting and useful, they will be urged to follow the most extreme economic phenomena throughout history. This task will assess their ability to apply economic concepts to extreme real-world situations. It comprises of a review in which they are required to review and critically analyse at least one extreme phenomenon and its evolvement.

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Business Studies (Joint programme with The University of Sheffield)


Prof. Sabina Rakarova, PhD
Asst. Prof. Elena Spasova, PhD

Course Description:


Students who complete this course:

1) will know:

• Understand the basics of macroeconomic theory and perform analyses on various macroeconomic issues

• Understand the concepts of aggregate demand and aggregate supply

• Describe the concepts of money, inflation and interest rates

• Explain basic issues of economic growth

2) will be able to:

• Assess and judge the different macroeconomic policies and their effect on the economy

• Comprehend the IS-LM framework

• Discuss and judge the Phillips curve, its use and the implications it had after its introduction

• Comprehend issues of international trade, comparative advantage, protectionism

• Assess the effect of financial crises in the overall economy

Students are required to have the following knowledge and/or skills:

• Principles of Microeconomics

• Principles of Macroeconomics

Full-time Programmes

Types of Courses:

Language of teaching:


  1. Extreme macroeconomic phenomena: Hyperinflation
  2. Extreme macroeconomic phenomena: Sovereign default
  3. Extreme macroeconomic phenomena: Very high unemployment
  4. Extreme macroeconomic phenomena: Protectionism
  5. Extreme macroeconomic phenomena: Capital controls


• Case, K., Fair, R., and Oster, S. (2019) Principles of Economics, 13th edition, Global Edition. Pearson.

• All material used in this unit's classes are available in electronic form through CITY's E-Leaning Management System (MOLE) with enrolment password : growth


1. Mankiw, G. N. (2020). Principles of Economics. 9th Edition, Cengage Learning

2. Begg, D., Vernasca, G., Fischer, S., and Dornbusch, R. (2020). Economics. 12th Edition. McGraw-Hill

3. McConnell, C.R., Brue, S.L., and Flynn S. (2021). Economics. 22nd, McGraw Hill

Sources of economic and financial information

Useful on-line sources

United Nations Conference on Trade and Development:

Organsation for Economic Co-Operation and Development:

The World Bank:

International Monetary Fund:

EBSCO database

Financial Times:

The Economist:


EBSCO database (and any database through which you can reach academic papers)