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
Teaching and learning methods:
- traditional lectures
- active participation, e.g. in class discussions, individual work, practice problems and mini-quizzes
- written exams
Points to achieve (max. 100):
- 20 points: active participation (Quizzes, Homework,...)
- 20 points: mid-term exam
- 60 points: final exam
- 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
- The final exam will take place in the examination week starting February 28 to March 5, 2022 (the exact date will be announced later). Duration of the final exam: 70 minutes. 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 be an opportunity to take the final exam in June 2022.
- If the overall score is negative: Repetition of final exam in June 2022 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.
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.
- 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.
Chapters 1 - 4 of the book "Macroeconomics" by Olivier Blanchard