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Spring term counts from January - August, fall term counts from September - December.

Important for Exchange Students: As the Full-Time and Part-Time MBA Programs utilize a modular course structure, the dates on which students begin and end the exchange are flexible. Please find here a chronological overview of the preliminary course offering for Fall and Spring.

Fall 2022  ›  Bachelor of Science in International Business Administration  ›  3rd Semester  ›  Intermediate Economics

Macroeconomics, Group B

Course Code:
ECON304
Lecturers:
Prof. Dr. Lilli Zimmermann
Course Type:
BSc Course
Week Hours:
2,0
Term:
Fall 2022
Language:
Englisch
Credits:
3.0
(Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.)
1. Introduction and Goods Market Equilibrium
2. Financial Market Equilibrium
3. IS/LM - Model
4. Labour Market Equilibrium
5. Philips Curve, the Natural Rate of Unemployment, and Inflation
6. From the Short to the Medium Run Equilibrium
Date
Time
Monday, 05/09/2022
11:30 AM till 03:15 PM
Monday, 12/09/2022
11:30 AM till 03:15 PM
Monday, 19/09/2022
11:30 AM till 03:15 PM
Monday, 26/09/2022
11:30 AM till 03:15 PM
Monday, 10/10/2022
11:30 AM till 03:15 PM
Tuesday, 11/10/2022
11:30 AM till 03:15 PM
The main objective of the course is to help students to understand contemporary macroeconomic events and issues in an informed and analytical way. The course focuses on aggregate markets and aggregate variables such as gross domestic output, unemployment, inflation, interest rate etc. Simplified models with only a limited amount of markets such as the aggregate goods market, the financial market and the labour market are the focus of the analyses instead of particular markets, e.g., the market for cars. Macroeconomic theory helps to understand how isolated firms are affected by the business cycle and the economic environment. It also contributes to profound analyses of a wide range of current economic problems and policy dilemmas.
Frenkel, M., John, K.D. and Fendel, R., Volkswirtschaftliche Gesamtrechnung, 8th Edition, München, Vahlen Verlag, 2016.
Blanchard, O., Macroeconomics, 8th Edition, Pearson Prentice Hall, New Jersey, 2020.
Mankiw, N.G., and Tylor, M.P., Macroeconomics, European Edition, Worth Publishers, 2nd ed., New York 2014.
Blanchard, O., Amighini, A. and Giavazzi F., Macroeconomics - A European Perspective, 3rd Edition Pearson Prentice Hall, New Jersey, 2017.
The course combines the explanation of concepts during lectures, discussion of open questions and the
handling of problem sets. It is expected from every student to study the compulsory literature as well as
to solve the provided problem sets.
Exam
Principles of the Market Economy
90
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