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Instructors: Prof. Dr. Wolfgang H. Schulz
Event type:
Seminar
Org-unit: Corporate Management & Economics
Displayed in timetable as:
Macroecon.
Hours per week:
3
Credits:
6,0
Location:
Campus der Zeppelin Universität
Language of instruction:
German
Min. | Max. participants:
5 | 18
Priority scheme: Standard-Priorisierung
Course content:
Seminar Contents:
The following topics will be covered:
Part I: Fundamentals of macroeconomic analysis.
Part II: The classical paradigm
Part III: The neoclassical paradigm
Part IV: Keynesian paradigm
V: The Monetarist Paradigm
Part VI: The Neoclassical Paradigm
Educational objective:
Learning Objectives:
the students
| are enabled to analyze macroeconomic processes;
| acquire the ability to critically discuss economic policy decisions;
| learn the principles of macroeconomic relationships.
Further information about the exams:
Additional information on the examination:
Midterm:
Keynote paper and presentation as group work. Group size: 2 to 3 students.
Additional information on the examination: The examination consists of a keynote paper (KP) and a presentation.
The KP consists of 15000 characters (without spaces and references). Deviations of maximum 2500 characters are allowed. Formatting is freely selectable. The KP will be created as a Word document.
The presentation will be delivered in class. Time frame for the presentation is 5 minutes. The presentation should condense the KP so that 8 to 10 slides are sufficient to present the theory section.
Presentation dates as well as submission dates for the KP will be determined in the course.
A total of 100 points may be earned. 60 points will be awarded for the KP. 40 points will be awarded in total for the presentation.
The language can be chosen between english and german.
The suggested topics are:
The Fleming-Mundell diagram.
The aggregate demand aggregate supply diagram.
The Phillips curve.
the UV or Beveridge curve.
The demand curve for money.
The Laffer curve.
DSGE Models.
Where modern macroeconomics went wrong.
The practice and theory of unconventional monetary policy.
A theory of pseudo-wealth.
The Measurement of Wealth: Recessions, Sustainability and Inequality.
Structural Divergence and Crisis in the Eurozone: The Role of NAIRU Economics.
Monetary Policy in a Constrained Environment.
Great Recession and Beyond: Revisiting the Pillars of Economic Thought.
Is Financial Stability Possible in the Current International System?
literature for the topics 1 to 6: Blaug; Lloyd (2010): Famous Figures and Diagrams in Economics, Cheltenham, UK; Northampton, MA, USA.
literature for topic 7: own research.
literature for the topics 8 to 15: Stiglitz, Joseph E., Guzman, Martin (Eds.) (2016), Contemporary Issues in Macroeconomics. Lessons from the crisis beyond.
Mandatory literature:
Basic literature:
Berlemann, Michael (2004): Makroökonomik, Berlin, Heidelberg, New York
Blaug; Lloyd (2010): Famous Figures and Diagrams in Economics, Cheltenham, UK; Northampton, MA, USA
Rothengatter, Werner / Schaffer, Axel (2008): Makro kompakt. Grundzüge der Makroökonomik, 2., aktualisierte und erweiterte Auflage, Heidelberg
Additional literature:
Barro, R. J.; Grilli, V. (2007): European Macroeconomics, London
Blanchard, Olivier / Illing, Gerhard (2009): Makroökonomik, 5., aktualisierte und erweiterte Auflage, München
Blanchard, O. J. (2008): Macroeconomics, 5th ed., London
Burda, M. / Wyplosz, C. (2009): Makroökonomie – eine europäische Perspektive, 3. Aufl., München
Dornbusch, R (2008). Macroeomomics, 10th ed., Boston et al.
Dornbusch, R. / Fischer, St. / Startz, R.: Makroökonomik, 8. Aufl., München/Wien 2003
Felderer, B. / Homburg.St. (2005): Makroökonomik und Neue Makroökonomik; Berlin, 9. Auflage 2005.
Mankiw, N. G. (2008): Macroeconomics, 6th ed. (European ed.), New York, NY
Mankiw, Gregory N., Makroökonomik; Stuttgart (Schaeffer-Poeschel), 5. Auflage 2003.
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