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Instructors: Prof. Dr. Jarko Fidrmuc
Event type:
Lecture
Org-unit: Sociology, Politics & Economics
Displayed in timetable as:
Macro B
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 | 35
Priority scheme: Standard-Priorisierung
Course content:
Introduction
| macroeconomic developments in the global economy
| pandemic and 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
| expectations, dynamic analysis, Phillips-curve
| AS-AD Modell
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. They can apply theoretical models in the discussion of current macroeconomic issues (e.g. the impact of the covid crisis).
Further information about the exams:
Attendance at the lectures (80%) is obligatory!
Exam
Admitted Aids:
calculator
Mandatory literature:
Blanchard, O., Johnson, D.R: Macroeconomics, Global 6th Edition, Pearson, 2013, chapters 1-13; 18-21.
Blanchard, O.: Macroeconomics, Global 8th Edition, Pearson, 2020, selected chapters.
Forster, J., U. Klüh und S. Sauer (2009), Übungen zur Makroökonomie, 3. Auflage, Pearson Studium.
Selected papers on recent issues.
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