Course Overview

This module is necessary for further studies of macroeconomics at an advanced level. It prepares students for PhD programs or work in research institutions. This module covers advanced theoretical models on business cycle fluctuations, inflation, unemployment, and economic growth. It provides an overview over the most important macroeconomic topics and introduces students to theories in macroeconomics. The theories are applied to relevant macroeconomic policy issues such as how to deal with financial crisis or the European dept crisis.

Learning Achievement

Qualification targets: This module is an introduction to modern macroeconomics and important current topics of macroeconomic policy. Students learn standard modeling techniques. We also discuss major controversies and the limits of these models. The module stimulates critical thinking and trains the skills required to solve and analyze formal models. Students also get an overview of important policy discussions. Imparted soft skills: Analytical thinking, Independent studying and learning, Presentation techniques/language competencies, Team work and capacity for team work, Critical thinking

Competence

Course prerequisites

Thorough knowledge of mathematics for economists is recommended. Knowledge of the materials from the Bsc module “Grundlagen der Makroökonomik” (Foundations of Macroeconomics) is expected.

Grading Philosophy

100 % Written exam (60 min)

Course schedule

Week1: Introduction Week2: followed by Week3 to the Final Week

Course type

Online Course Requirement

Instructor

Dr. Paola D'Orazio; Prof. Dr. Michael Roos

Other information

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