# 105.606 Macroeconomics for WM This course is in all assigned curricula part of the STEOP.\$(function(){PrimeFaces.cw("Tooltip","widget_j_id_21",{id:"j_id_21",showEffect:"fade",hideEffect:"fade",target:"isAllSteop"});});This course is in at least 1 assigned curriculum part of the STEOP.\$(function(){PrimeFaces.cw("Tooltip","widget_j_id_23",{id:"j_id_23",showEffect:"fade",hideEffect:"fade",target:"isAnySteop"});}); 2024S 2022W 2021W 2020W 2019W 2018W 2017W 2016W 2015W 2014W 2013W 2012W 2011W

2021W, VO, 1.5h, 2.0EC

## Properties

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

## 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

Oral

## Course dates

DayTimeDateLocationDescription
Wed09:00 - 11:0006.10.2021GM 1 Audi. Max.- ARCH-INF 1. Termin VO + Vorbesprechung UE
Wed09:00 - 11:0013.10.2021 - 26.01.2022FH Hörsaal 2 Lecture
Thu09:00 - 11:0016.12.2021Hörsaal 15 Zusatztermin (statt UE!)
Macroeconomics for WM - Single appointments
DayDateTimeLocationDescription
Wed06.10.202109:00 - 11:00GM 1 Audi. Max.- ARCH-INF 1. Termin VO + Vorbesprechung UE
Wed13.10.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed20.10.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed27.10.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed03.11.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed10.11.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed17.11.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed24.11.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed01.12.202109:00 - 11:00FH Hörsaal 2 Lecture
Wed15.12.202109:00 - 11:00FH Hörsaal 2 Lecture
Thu16.12.202109:00 - 11:00Hörsaal 15 Zusatztermin (statt UE!)
Wed12.01.202209:00 - 11:00FH Hörsaal 2 Lecture
Wed19.01.202209:00 - 11:00FH Hörsaal 2 Lecture
Wed26.01.202209:00 - 11:00FH Hörsaal 2 Lecture

## 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

Not necessary

## Curricula

Study CodeObligationSemesterPrecon.Info
033 203 Statistics and Mathematics in Economics Mandatory3. Semester
066 395 Statistics and Mathematics in Economics Mandatory elective

## 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. Via the TU library, the digital version of the textbook can be accessed free of charge.

German