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.

2019W, VO, 1.5h, 2.0EC

Properties

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

Learning outcomes

After successful completion of the course, students are able to...

  • explain key macroeconomic variables (GDP, unemployment rate, inflation rate, etc.) as well as their interrelation
  • judge the potential and effectiveness of fiscal and monetary policy, and differentiate between its short und medium-run effects
  • analyze important macroeconomic questions by means of simple mathematical models
  • contrast different macroeconomic models and verify their validity by comparing to empirical observations
  • independently retrieve and prepare macroeconomic data provided by statistical offices

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

Teaching methods

Introduction and analysis of macroeconomic models with algebraic and graphical means

Presentation and interpretation of statistical data

Mode of examination

Oral

Lecturers

Institute

Course dates

DayTimeDateLocationDescription
Wed09:00 - 11:0002.10.2019 - 29.01.2020Sem.R. DA grün 05 Lecture
Macroeconomics for WM - Single appointments
DayDateTimeLocationDescription
Wed02.10.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed09.10.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed16.10.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed23.10.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed30.10.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed06.11.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed13.11.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed20.11.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed27.11.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed04.12.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed11.12.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed18.12.201909:00 - 11:00Sem.R. DA grün 05 Lecture
Wed08.01.202009:00 - 11:00Sem.R. DA grün 05 Lecture
Wed15.01.202009:00 - 11:00Sem.R. DA grün 05 Lecture
Wed22.01.202009:00 - 11:00Sem.R. DA grün 05 Lecture
Wed29.01.202009:00 - 11:00Sem.R. DA grün 05 Lecture

Examination modalities

written part: analysis of macroeconomic problems by means of the introduced models

oral part: questions concerning variable definitions, model assumptions, economic intuition and important interrelations

Attention: Starting with January 2020, the course exam will only be oral! The content of this oral general exam comprises the contents of both (!) current exam parts.

Exams

DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Mon09:00 - 17:0027.01.2020 Office Kerndler (DB04J23)oral20.01.2020 10:00 - 26.01.2020 23:59TISSMündliche Gesamtprüfung
Tue09:00 - 17:0028.01.2020 Office Kerndler (DB04J23)oral20.01.2020 10:00 - 26.01.2020 23:59TISSMündliche Gesamtprüfung
Wed09:00 - 17:0029.01.2020 Office Kerndler (DB04J23)oral20.01.2020 10:00 - 26.01.2020 23:59TISSMündliche Gesamtprüfung
Thu09:00 - 17:0030.01.2020 Office Kerndler (DB04J23)oral20.01.2020 10:00 - 26.01.2020 23:59TISSMündliche Gesamtprüfung

Course registration

Not necessary

Curricula

Literature

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

Language

German