| Detailed information |
| Pre-requisites |
(*)KS Einkommen, Beschäftigung und Finanzmärkte
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| Original study plan |
Bachelor's programme Business and Economics 2015W |
| Objectives |
Students will learn more about standard business cycle models in a closed and open economy as well as more in depth about international economics; additional emphasis on monetary and fiscal policy, particularly in a crisis, expectations and their impact on economic policy-making as well as a first look at standard growth models. Students will be in a position to effectively tackle issues in macroeconomics and policy.
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| Subject |
AS-AD model in a closed and open economy, expectations pertaining to financial and goods markets as well as economic policy; financial and economic crisis, exchange rate systems and their implications for policy-making; monetary and fiscal policy inspected closer, Solow model of growth; a look at New Classical Growth Theory, medium-term consequences for employment
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| Criteria for evaluation |
Two written tests (multiple choice), one of which is mandatory (the better result counts)
Bonus points for well-formed, perceptive oral contributions in class
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| Methods |
The lecture is based on a textbook and complemented by some additional contents.
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| Language |
German |
| Study material |
Blanchard, Olivier / Amighini, Alessia / Giavazzi, Francesco (2010), Macroeconomics – A European Perspective. Harlow (UK) etc.: Prentice Hall (Pearson Education)
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| Changing subject? |
No |
| Further information |
(*)Im Fach Angewandte Ökonomie besteht eine Wahlmöglichkeit zwischen diesem Kurs und dem KS Zahlungsbilanz und Devisenmarkt. Wählbar ist aber nur jener Kurs, der nicht bereits im Rahmen der Kernkompetenzen II / Block B aus VWL absolviert wurde.
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
2AECWKWK: KS Growth, Cycles and Economic Policy (2009W-2015S)
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