Konstantin Kontor

Konstantin Kontor is Director and Professor of Finance at the American Institute of Business and Economics in Moscow, in 2000-2009 he had been teaching financial strategy at the Stockholm School of Economics in Riga (SSE Riga); Mr Kontor also manages KKP Partners, a Moscow based strategic and investment consulting company that he founded in 1998.

Principles of Macroeconomic Theory and Policy

Purpose of this Course

The main goal of this course is to provide the students with a basic understanding of the principles of macroeconomics, as well as to discuss various macroeconomic models and some most recent concepts of macroeconomic analysis and forecasting.

Another goal of the course is to expose the students to the Western standards, terminology, and specific buzzwords used by economists worldwide.

The final goal is to introduce the real problems and processes of macroeconomic theory, policy and decision making.

Course Materials

  • Selected chapters from the textbook: Karl E. Case and Ray C. Fair. Principles of Macroeconomics (later referred to as C&F), 6th Edition, 2002.
  • Н.Д. Кондратьев. Большие циклы экономической конъюнктуры. Москва, 2002 (далее цитируется как НДК).
  • Nassim Taleb. The Black Swan (later referred to as NNT). New York, 2007.
  • Notes and handouts.


Grading will be based on assignments, examinations and class participation.

Because the course is heavily discussion-based attendance is mandatory. Failure to attend 40% of classes leads to immediate failure in the course and loss of credit.

During the course the students will have to take the midterm and the final examinations. Failure to take the exams is tantamount to failure in the course.

The course will be graded in accordance with the following schedule:

Class participation 20%
Midterm 50%
Final 30%
TOTAL 100%

Course Topics

  1. Why study macroeconomics?
  2. Introduction to macroeconomics
  3. The planned expenditure model and the is curve
  4. Money demand and supply and the lm curve
  5. From is and lm to aggregate demand and supply
  6. Inflation in the as/ad model
  7. The labor market, unemployment and inflation
  8. Balance of payments accounts and foreign exchange markets
  9. Monetarism, new classical theory, and supply-side economics
  10. Циклы кондратьева и теория предвидения
  11. Black swans and the unpredictable in macroeconomics

You can download description of the course here.

Business Psychology (II)

Business Psychology (II) course starts on Monday, January 29, 2018.

Entrance Exam

You could take AIBEc Entrance Exam from August 22, 2017 till September 30, 2017. Students who achieve qualifying score on the exam pay reduced tuition.

Spring Semester, 2018

Fall Semester starts on January 29, 2018.