The course has been designed to develop ability to apply standard  theoretical  concepts to economic analysis of macroeconomic developments,  with a focus on analytical skills necessary to understand and interpret  real-world situations. Although there is a strong theoretical core, the course focus is on the practical application of economic relationships to problems, and on developing the ability to share  the insights that economic analysis can provide. More specifically, the  course provide students with  ability (1) to analyze statistical data on gross domestic product (GDP), balance-of-payments (BOP), unemployment and inflation , (2) to make use of  formal macroeconomic models, such as the saving-investment balance, the AD-AS model, the Phillips curve, in order to interpret the most important issues in fiscal and monetary policies in Poland and abroad, as well latest developments of  inflation, unemployment and migration.