Economics II: Introduction to macroeconomics

course title:

Economics II: Introduction to macroeconomics

course number:

B-GE-VW01-02

semester (WS/SS):

WS

semester of instruction:

3^rd semester

course type:

hours (SWS):

lecture:

practice:

seminar:

3

total:

3

ECTS-points:

3

language of instruction:

German/English

lecturer:

Prof. Dr. Thomas Sauer

field of instruction:

Globalisation and transformation of economic systems / Macroeconomics of open economies / Innovation and growth

purpose:

The course will give the students the capability (1) to understand the foundations of macroeconomic analyses in the short and medium run, (2) to apply these models for the examination of fiscal and monetary policy and (3) to be able to use these models in order to understand basic macroeconomic problems.

description:

National income and product accounts, macroeconomics in the short run: Goods market, financial markets, IS-LM-Model; Macroeconomics in the medium run: Labour market, AS-AD-Model, Phillips-curve; production, unemployment and inflation in the medium run.

prerequisites:

Economics I, Introduction to statistics

teaching method:

Lessons with examples and applications

examination method:

Written exam 60 minutes

literature:

Blanchard, Olivier. 2009. Macroeconomics. Upper Saddle River NJ: Pearson/Prentice Hall.

Gärtner, Manfred. 2009. Macroeconomics. 3rd ed. Harlow England, New York: Prentice Hall Financial Times.

Goodwin, Neva R, Julie A Nelson, Jonathan Harris, and Brian Roach. 2009. Macroeconomics in context. Armonk, NY: Sharpe.

teaching aids:

Objectives, questions and exercises (partly with solutions) for every chapter, additionally handouts (all material also online, vwl-online.net)

recognition:

Equivalent seminars in economics (depending on individual check and recognition)