Economics II: Introduction to macroeconomics

course title:

Economics II: Introduction to macroeconomics

course number:

-

Semester (WS/SS):

WS

semester of instruction:

3

course type:

-

hours (SWS):

lecture: -
practice: -
seminar: 3
total: 3

ECTS-points:

3

language of instruction:

German/English

lecturer:

Prof. Dr. Sauer - Prof. Dr. Stoetzer

field of instruction:

• Globalisation and transformation of economic systems
• Macroeconomics of open economies
• Innovation and growth - Applied Microeconomics
• Industrial Economics
• Economic Policy

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:

1. National income and product accounts
2. Macroeconomics in the short run: Goods market, financial markets, IS-LM-Model
3. 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 90 minutes

literature (3 examples)

• Olivier Blanchard: Macroeconomics, 3. ed., Upper Saddle River: Prentice Hall 2003
• Michael Burda, Charles Wyplosz: Macroeconomics: A European Text, 4th ed., Oxford: Oxford UP, 2005
• Paul Samuelson, William Nordhaus: Economics, 18th ed., New York: McGraw-Hill 2004

teaching aids:

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

recognition:

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