Course objectives (competences):
A successful completion of this course should enable students to:
- Understand the theoretical and methodological knowledge of national wealth and national accounts;
- Assess and analyse the basic macroeconomic aggregates, calculated with data from the system of national accounts, and their interrelations;
- Make themselves familiar with the progress in adjusting the Macedonian system of national accounts to the UN system of national accounts, and with the situation in our economy;
- Realise the possibilities for use of the system of national accounts for predicting, planning, economic analysis and decision making processes.
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Course content:
The contents of this course should help students understand and master the material regarding national accounts. In this context, a special attention is paid to the following issues:
- Theoretical and methodological aspects of national wealth, its scope, dynamics, structural changes and its role in economic analyses;
- GDP and other measures of economic activity, income and welfare;
- Basic concepts and elements of the system of national accounts;
- The system of national accounts of the UN;
- Main types of accounts;
- Input- output tables and social accounts matrices;
- Satellite accounts;
- Application and perspectives of the system of national accounts;
- The system of national accounts in the Republic of Macedonia.
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