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.

2020W, VO, 1.5h, 2.0EC


  • Semester hours: 1.5
  • Credits: 2.0
  • Type: VO Lecture
  • Format: Distance Learning

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




Course dates

Wed09:00 - 11:0007.10.2020 - 20.01.2021 Online via Zoom (LIVE)Lecture
Fri14:00 - 16:0008.01.2021 Online via Zoom (LIVE)Lecture
Macroeconomics for WM - Single appointments
Wed07.10.202009:00 - 11:00 Online via ZoomLecture
Wed14.10.202009:00 - 11:00 Online via ZoomLecture
Wed21.10.202009:00 - 11:00 Online via ZoomLecture
Wed28.10.202009:00 - 11:00 Online via ZoomLecture
Wed04.11.202009:00 - 11:00 Online via ZoomLecture
Wed11.11.202009:00 - 11:00 Online via ZoomLecture
Wed18.11.202009:00 - 11:00 Online via ZoomLecture
Wed25.11.202009:00 - 11:00 Online via ZoomLecture
Wed02.12.202009:00 - 11:00 Online via ZoomLecture
Wed09.12.202009:00 - 11:00 Online via ZoomLecture
Wed16.12.202009:00 - 11:00 Online via ZoomLecture
Fri08.01.202114:00 - 16:00 Online via ZoomLecture
Wed13.01.202109:00 - 11:00 Online via ZoomLecture
Wed20.01.202109:00 - 11:00 Online via ZoomLecture

Examination modalities

oral exam consisting of two consecutive parts:

  1. written problem: analysis of a concrete macroeconomic problem by means of the introduced models
  2. questions concerning variable definitions, model assumptions, practical relevance, economic intuition, and important interrelations


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