Syllabus

Titel
5953 International Macroeconomics
LV-Leiter/innen
Anna Stelzer, BA, MSc (WU)
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    2
  • Unterrichtssprache
    Englisch
Anmeldung
31.01.2019 bis 24.02.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Bachelor
Termine
Wochentag Datum Uhrzeit Raum
Dienstag 05.03.2019 14:00 - 16:00 TC.4.27
Dienstag 12.03.2019 14:00 - 16:00 TC.4.27
Dienstag 19.03.2019 14:00 - 16:00 TC.4.27
Dienstag 26.03.2019 14:00 - 16:00 TC.4.27
Dienstag 02.04.2019 14:00 - 16:00 TC.4.27
Dienstag 09.04.2019 14:00 - 16:00 TC.4.27
Dienstag 07.05.2019 14:00 - 16:00 TC.4.27
Dienstag 14.05.2019 14:00 - 16:00 TC.4.27
Dienstag 21.05.2019 14:00 - 16:00 TC.4.27
Dienstag 28.05.2019 14:00 - 16:00 TC.4.27
Dienstag 04.06.2019 14:00 - 16:00 TC.4.27
Dienstag 18.06.2019 14:00 - 16:00 TC.4.27
Mittwoch 26.06.2019 15:30 - 17:30 Ort nach Ankündigung

Inhalte der LV

Macroeconomic concepts:

  • The Goods Market: Which are the components of demand?
  • Financial Markets: What happens if the ECB changes its interest rate?
  • The Labor Market: Which role does collective bargaining play in different countries?
  • Inflation and Deflation: Is there really a negative relation between inflation and unemployment?
  • Balance of Payments: What might be the results of a persistent current account deficit?

 

Economic Policy:

  • Monetary and Fiscal Policy: Under which circumstances may fiscal policy increase production? In which cases is monetary policy more suitable? Where are the limits to these policy measures?
  • Exchange Rates: Under which circumstances should an economy adopt a fixed exchange rate regime? When are flexible exchange rates more suitable? What are the implications of a devaluation?

Crisis:

  • Shocks to Demand and Supply: What were the consequences of the increase in oil prices in the 1970ies? Which are the effects of fiscal consolidation on output? How can a recession be counteracted?
  • Exchange Rate Crises: How can rumors trigger an exchange rate crises?
  • Financial Crisis: What were the macroeconomic implications of the decline in house prices in the US in 2006 and the bankruptcy of Lehman Brothers?

Lernergebnisse (Learning Outcomes)

After completing this course you will be able to…

  • describe and graphically depict central macroeconomic relationships for closed and open economies
  • to analyze the effects of various economic policies (e.g. government expenditure increases, interest rate decreases, exchange rate regimes) using the theoretical models taught in this course
  • to recognize macroeconomic concepts in other contexts (e.g. economics news, business plans) and to draw adequate conclusions

Additionally, this course enhances...

  • analytical skills
  • the capacity to depict complex relationships by simple models and to derive action plans
  • reasoned phrasing
  • the ability to interpret graphs
  • handling of numerical data
  • time management

Regelung zur Anwesenheit

Mandatory Attendance:

  • two missed units are tolerated (communication not necessary, no "apology")
  • more than two missed units: only if the reason is serious (please contact the lecturer!)

Lehr-/Lerndesign

Teaching and learning methods:

  • traditional lectures
  • active participation, e.g. in class discussions, individual work, practice problems and mini-quizzes
  • written exams

 

Leistung(en) für eine Beurteilung

Points to achieve (max. 100):

  • 20 points: active participation (Quizzes, Homework,...)
  • 20 points: mid-term exam
  • 60 points: final exam

Grading schedule:

  • as of 50 points: Sufficient
  • as of 63 points: Satisfactory
  • as of 75 points: Good
  • as of 88 points: Excellent

Additional prerequisites for a positive grade:

  • at least 24 points in the final exam 
  • at least 15 points in active participation and mid-term exam

Final exam:

  • The final exam will take place on Wednesday June 26, 2019, 15.30 - 19.30. There is no alternative!
  • If the final exam is missed for important reasons (e.g. disease) it must be accompanied by written proof and sent to the lecturer via mail before the exam starts. There will an opportunity to take the final exam in October.
  • If the overall score is negative: Repetition of final exam in October 2019 is possible upon the lecturers decision, if at least 18 points were obtained on the first try of the final exam.
  • It is not possible to retake the exam with an already positive grade

Literatur

1 Autor/in: Blanchard, Olivier
Titel:

Macroeconomics


Verlag: Pearson
Auflage: 7
Anmerkungen: Previous editions are not suitable!
Jahr: 2017
Prüfungsstoff: Ja
Empfehlung: Unbedingt notwendige Studienliteratur für alle Studierenden
Art: Buch

Teilnahmevoraussetzung(en) und Vergabe von Wartelistenplätzen

Prerequesites for Attendance:

  • Due Registration
  • Attendance of the first lecture: To reserve your place, you have to attend the first lecture and sign the list of participants.
  • If you are not able to participate in the first lecture you have to inform the lecturer before the first lecture starts. Oherwise your place will be given to another student.

Waiting List:

  • After the registration period, students from the waiting list, who don't yet have a valid registration, will be assigned to available places in the specific courses. This allotment is not based on a first-come first-served principle. Rather, progress in the studies will be the decisive criterion.
  • The places of students who don't show up in the first lecture will be given to other interested students on the waiting list (They need to be present in the lecture). The lecturer will allocate these places.

If you registered for a course in "International Macroeconomics", but aren't able to participate any more, please cancel your registration electronically or write an mail to the lecturer.

Empfohlene inhaltliche Vorkenntnisse

Chapters 1 - 4 of the book "Macroeconomics" by Olivier Blanchard

Erreichbarkeit des/der Vortragenden

Zuletzt bearbeitet: 14.11.2018



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