Studienhandbuch | KS Introductory Macroeconomics

Inhalt

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Workload	Education level	Study areas	Responsible person	Hours per week	Coordinating university
3 ECTS	B1 - Bachelor's programme 1. year	Economics	Jochen Güntner	2 hpw	Johannes Kepler University Linz

Detailed information
Pre-requisites	^(*)keine
Original study plan	Bachelor's programme Economics and Business 2020W 2023W
Objectives	Students know basic concepts of macro-economic theory for closed economies and empirical business cycle regularities. They are able to use these concepts to analyze typical scenarios (e.g. economic recessions, effects of fiscal and monetary policy measures). They can read and understand general and specialized newspaper articles about national and global economic developments. Students know how equilibrium output is determined in the goods market, how equilibrium interest rates and the quantity of money are determined in financial markets, how goods and financial markets interact, and how monetary and fiscal policy is conducted in developed economies. They know how the labor-market equilibrium influences the economy in the medium run and that there is a long-run trade-off between the unemployment rate and the rate of inflation.
Subject	Introduction National Income Accounts The Goods Market Financial Markets The IS-LM Model The Extended IS-LM Model The Labor Market The Phillips Curve The IS-LM-PC Model Okun’s Law
Criteria for evaluation	Written Multiple-Choice (MC) Final Exam and Retake Exam
Methods	Lecture, numerical example, graphical derivation of models
Language	German
Study material	Blanchard, O. und G. Illing: Makroökonomie, 8. Aktualisierte Auflage, 2021, Pearson Studium
Changing subject?	No