Syllabus

Title
5395 International Macroeconomics
Instructors
Dr. Carolina Bernardita Lennon Zaninovic
Contact details
carolina.lennon@wu.ac.at
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/11/14 to 02/24/14
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
International Macroeconomics
International Macroeconomics
Dates
Day Date Time Room
Monday 03/10/14 03:00 PM - 05:30 PM TC.3.21
Monday 03/17/14 03:00 PM - 05:30 PM TC.3.21
Monday 03/24/14 03:00 PM - 05:30 PM TC.3.21
Monday 03/31/14 03:00 PM - 05:30 PM TC.3.21
Monday 04/07/14 03:00 PM - 05:30 PM TC.3.21
Monday 05/05/14 03:00 PM - 05:30 PM TC.3.21
Monday 05/12/14 03:00 PM - 05:30 PM TC.3.21
Monday 05/19/14 03:00 PM - 05:30 PM TC.3.21
Monday 05/26/14 03:00 PM - 05:30 PM TC.3.21
Monday 06/02/14 03:00 PM - 05:30 PM TC.3.21
Monday 06/16/14 03:00 PM - 05:30 PM TC.3.21

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Contents

We analyze the financial and goods markets in a closed economy through the IS-LM model to understand the effect of policy changes on output and interest rate. We then study the labor market and the AS-AD model before turning to the analysis in the open economy. Finally, we study exchange rate regimes.

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Learning outcomes
Goal: The aim of this course is to provide students with the knowledge required to understand the macroeconomic functioning of the world economy giving them useful instruments to achieve a personal and critical idea about the operation of international markets and the use of economic policy for their regulation. After successful completion, students will be able to analyze real world macroeconomic issues and the economic policies to respond to them.
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Teaching/learning method(s)
Teaching and learning methods: The course will be composed by traditional lectures, class discussions and activities, individual work and practice problems.
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Assessment
Assessment: a midterm exam, two mini quizzes, eight control questions, and one final exam.
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Prerequisites for participation and waiting lists
Prerequisite: Blanchard/ Illing (2009):"Macroeconomics", 5. Auflage. chapters 1 to 5
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Readings
1 Author: Blanchard, Olivier
Title: Macroeconomics

Publisher: Pearson education
Edition: 5th edition (6th edition is also possible)
Remarks: Chapters 3-7 and 18-21
Year: 2008
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
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Unit details
Unit Date Contents
1 Mon, March 10, 2014
Introduction: the goods and financial markets
 CH 3-4
2 Mon, March 17, 2014
No class! 
3 Mon, March 24, 2014
IS-LM (short run). The goods and financial markets together CH 5
4 Mon, March 31, 2014
Labour markets - starting AD- AS

CH 6/ CH 7 

CQ 1
5 Mon, April 7, 2014
AD-AS (medium run)

CH 7

CQ 2
6 Mon, May 5, 2014
Exercises and introduction to the model in an open economy

CH 18

CQ 3 & 4
7 Mon, May 12, 2014
Midterm exam / The goods market in an open economy CH 19
8 Mon, May 19, 2014
Mundell -Fleming Model (extension of the IS-LM in the open economy)

CH 19 / 20 

CQ 5
9 Mon, May 26, 2014
Exchange rate regimes

CH 20 / CH 21

CQ 6 
10 Mon, June 2, 2014
No class!
11 Mon, June 16, 2014
End of Ch 21, exercises and questions

CH 21

CQ 7 & 8
12 Fri, June 27, 2014
Final Exam (during the exam week, not in class!) -  between  15:00 and 19:00 hours
Last edited: 2014-05-19



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