Theme №4. Macroeconomic policy: the essence and instruments

1. Essence and feature of the macroeconomic analysis.

2. Macroeconomic balance: essence and models.

3. Instruments of macroeconomic policy and economic systems.

Tasks:

1. Discussion of the questions;

2. Questions for discussion:

• What do feature of the macroanalysis? What is the aggregation?

• Call subjects and objects of the macroanalysis.

• What indicators of the macro-market is measured?

• How regularities of development of economy affect economic policy?

• What advantages and shortcomings have straight lines and indirect methods of economic policy?

• What requirements are imposed to measures of economic policy?

• What spheres of economy are obligatory objects of state regulation of economy?

3. Exercises:

Exercise 1. Study and draw schedules:

a) Macroeconomic policy in America;

b) Macroeconomic policy in Russian Federation;

c) Macroeconomic policy in our republic.

Exercise 2. Draw and tables analysis: «Subjects of macroeconomic policy», «Methods of macroeconomic policy».

Exercise 3. Make infographics on the theme: «Indicators of macroeconomic development of Kazakhstan».

Exercise 4. Write the formulas of main macroeconomic indicators.

Form of activity: practical work, discussion, independent activity, research activity.

Methodical instructions: Preparation for performance of tasks should be began with studying of recommended literature. The main purpose of the theme is to learn subjects and objects of the macroeconomic analysis, features of the macroeconomic analysis, aggregation, macroeconomic functions, and macroeconomic approach in the economy analysis, main purposes and essence of macroeconomic policy.

Consider main indicators of macroeconomics: GNP, GDP, price indexes, unemployment rate and inflations, interest rate, macroeconomic balance, macroeconomic stabilization and conditions of economic growth, models of macroeconomic balance from the history: classical, Keynesian, monetaristic, institutional.

Read about instruments, main directions of macroeconomic policy, classification of instruments of economic policy by a way of influence on direct and indirect, depending on the aim of the state intervention, on organizational institutional sign on administrative, economic and institutional.

Writing of the essay, drawing up comparative tables and structural and logical schemes and other tasks will help you to fix this theme.

Literature: 1-35.

Theme №5. Fiscal policy

1. Essence, aims and features of fiscal policy. Types of fiscal policy.

2. Tax policy and system.

3. Budgetary policy.

Tasks:

1. Discussion of the questions;

2. Work with state program:

• Address of President of Republic of Kazakhstan «Kazakhstan’s way – 2050: common aim, common interests, common future»;

• Budget Code of Republic of Kazakhstan;

• Tax Code of Republic of Kazakhstan.

1. Questions for discussion:

• Call the essence of fiscal policy of the state.

• What types of fiscal policy exist?

• How not discretionary policy works?

• Classify taxes by various signs.

• What conditions is carried out stimulating and constraining fiscal policies?

• What does curve of Laffer illustrate?

• What evasion forms from the taxation happen?

• Characterize the budgetary expansion and a restriction.