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Instructors: Prof. Dr. Jarko Fidrmuc
Event type:
Seminar
Org-unit: Corporate Management & Economics
Displayed in timetable as:
Makro & VGR
Hours per week:
3
Credits:
6,0
Note: In your exam regulations, differing credits may have been specified.
Location:
Campus der Zeppelin Universität
Language of instruction:
Englisch
Min. | Max. participants:
10 | 41
Course content:
Introduction
| Macroeconomic developments in the global economy
| Financial crisis
Short-run model (ISLM)
| output determination in the short run
| GDP composition, fiscal policy, multiplier effects
| money market, determination of interest rate
| derivation of the IS-curve
| derivation of the LM-curve
| economic policy in the ISLM model
Medium-run model (ASAD)
| labor market, wages, unemployment, rigidities
| AS-AD Modell
| expectations, dynamic analysis, Phillips-curve
Open macroeconomics
| balance of payments
| Mundell-Fleming model
Growth models:
| stylized facts of growth
| saving, capital accumulation, and growth
| technological progress
Educational objective:
The students should improve and deepen their knowledge and analytical capabilities in the areas of macroeconomics and economic policy.
Mandatory literature:
Blanchard, O., Johnson, D.R: Macroeconomics, Global 6th Edition, Pearson, 2013, chapters 1-13; 18-21.Forster, J., U. Klüh und S. Sauer (2009), Übungen zur Makroökonomie, 3. Auflage, Pearson Studium.
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