[ 572ECTMMACK15 ] KS Macroeconomics I

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Workload Education level Study areas Responsible person Hours per week Coordinating university
4 ECTS B2 - Bachelor's programme 2. year Economics Bernhard Schütz 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites (*)Fach Einführung in die Betriebswirtschaftslehre, Fach Einführung in die Volkswirtschaftslehre und Fach Kernkompetenzen I aus Volkswirtschaftslehre
Original study plan Bachelor's programme Business and Economics 2021W
Subject This course will cover various streams of current macroeconomic analysis
Post Keynesian Economics;
Real Business Cycle Theory;
New Keynesian Economics
Criteria for evaluation 2 exams
Language English
Study material Davidson, P. 2007. John Maynard Keynes, Palgrave, Chapters 1-3, 5, 6, 11
Keynes, J. M. 1997. The General Theory of Employment, Interest, and Money, Prometheus, Chapters 1, 2, 3, 19
Lavoie, M. 2009. Introduction to Post-Keynesian Economics, Palgrave, Chapter 4
Dutt, A. K. 2011. Growth and income distribution: a post-Keynesian perspective, in: Hein, E., Stockhammer, E. (eds.): A Modern Guide to Keynesian Macroeconomics and Economic Policies, Elgar, Chapter 3
Snowdon, B., Vane, H.R. 2005, Modern Macroeconomics, Ch. 2
Lavoie, M. 1992, Foundations of Post-Keynesian Economic Analysis, Ch. 4, 7.
Minsky, H. P. (1986): Stabilizing an Unstable Economy, Yale University Press, Chapters 9 and 10.
David Romer: Advanced Macroeconomics: 4th edition, 2012, Chapter 5
R.G. King and S.T. Rebelo: Resuscitating Real Business Cycles; in "Handbook of Macroeconomics"
N. Gregory Mankiw and David Romer: New Keynesian Economics, Introduction
David Romer: Advanced Macroeconomics: 4th edition; Chapter 6, Sections 6.1-6.4; 6.6-6.8; Chapter 9; sections 9.9 & 9.10 (the latter deals with financial imperfections); Ch. 7: selection to be decided.
Jordi Gali: Unemployment Fluctuations and Stabilization Policies: A New Keynesian Perspective
A. Bénassy-Quére, B. Coeuré, P. Jacquet, J. Pisani-Ferry: Economic Policy, Theory and Practice: Chapter 8 (Economic Policy and the 2007-09 Crisis)
W. Carlin and D. Soskice: Macroeconomics and the Financial System: Stability and Instability; Oxford University Press, forthcoming; Chs. 3, 5-7
Changing subject? No
Further information Students are required to have a good command of English and a good knowledge in the field of micro- and macroeconomics. JKU regular students must have completed the basic core subjects in Business and Economics including the courses “Introduction to Economics”, “Markets and Economic Decision Making” and “Income, Employment and Financial Markets”.
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority