105.606 Macroeconomics for WM
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2018W, VO, 1.5h, 2.0EC


  • Semester hours: 1.5
  • Credits: 2.0
  • Type: VO Lecture

Aim of course

The students should develop a critical understanding of the main issues and propositions of macroeconomics. They shall understand why the Classical and the Keynesian school differ on the analysis of economic processes and the emergence of crises as well as concerning the resulting recommendations with respect to the optimal design of fiscal and monetary policy. They shall develop a feeling for the advantages and limitations of the application of mathematical macroeconomic models and learn what types of models are appropriate for the study of specific issues.

Subject of course

1) Introduction: Evolution of macroeconomic variables in selected countries during the last decades
2) Goods market: national income accounting, multiplier models
3) Financial markets and the IS-LM model: short-run effects of monetary and fiscal policy in a closed economy
4) Labor market, Phillips curve and the IS-LM-PC model: medium-run effects of monetary and fiscal policy in a closed economy
5) Goods and financial markets in an open economy



Course dates

Wed08:30 - 10:0003.10.2018 - 30.01.2019Hörsaal 14 Lecture
Macroeconomics for WM - Single appointments
Wed03.10.201808:30 - 10:00Hörsaal 14 Lecture
Wed10.10.201808:30 - 10:00Hörsaal 14 Lecture
Wed17.10.201808:30 - 10:00Hörsaal 14 Lecture
Wed24.10.201808:30 - 10:00Hörsaal 14 Lecture
Wed31.10.201808:30 - 10:00Hörsaal 14 Lecture
Wed07.11.201808:30 - 10:00Hörsaal 14 Lecture
Wed14.11.201808:30 - 10:00Hörsaal 14 Lecture
Wed21.11.201808:30 - 10:00Hörsaal 14 Lecture
Wed28.11.201808:30 - 10:00Hörsaal 14 Lecture
Wed05.12.201808:30 - 10:00Hörsaal 14 Lecture
Wed12.12.201808:30 - 10:00Hörsaal 14 Lecture
Wed19.12.201808:30 - 10:00Hörsaal 14 Lecture
Wed09.01.201908:30 - 10:00Hörsaal 14 Lecture
Wed16.01.201908:30 - 10:00Hörsaal 14 Lecture
Wed23.01.201908:30 - 10:00Hörsaal 14 Lecture
Wed30.01.201908:30 - 10:00Hörsaal 14 Lecture

Examination modalities

both written and oral exam


DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Thu10:00 - 17:0016.07.2020 Online via Zoomoral01.07.2020 08:00 - 15.07.2020 20:00TISSMündliche Gesamtprüfung (KW 29)
Wed10:00 - 17:0012.08.2020 Online via Zoomoral20.07.2020 08:00 - 11.08.2020 20:00TISSMündliche Gesamtprüfung (KW 33)

Course registration

Not necessary



The lecture follows the 7th edition of the German textbook Olivier Blanchard und Gerhard Illing, Makroökonomie, Pearson Studium, 2017.
Attention: Substantial changes were made from the 7th edition compared to older editions. Therefore, older editions are not suitable to follow the lecture!

It is not necessary to buy the textbook.

Accompanying courses