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Macroeconomics, Group A

Course code
ECON304
Course type
BSc Course
Weekly Hours
2,0
ECTS
3.0
Term
HS 2020
Language
Englisch
Lecturers
Prof. Dr. Lilli Zimmermann
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. National Accounting
2. Goods Market
3. Financial Market
4. IS/LM Model
Date Time
Tuesday, 08.09.2020 08:00 - 11:15
Wednesday, 02.09.2020 08:00 - 11:15
Thursday, 01.10.2020 11:30 - 15:15
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, 5th Edition, Pearson Prentice Hall, New Jersey, 2009. Burda, M., and Wyplosz, C., Macroeconomics - A European Text, 4th Edition, Oxford University Press, Oxford 2005. Mankiw, N.G., and Tylor, M.P., Macroeconomics, European Edition, Worth Publishers, 7th ed., New York 2007. Blanchard, O., Amighini, A. and Giavazzi, F., Macroeconomics - A European Perspective, Pearson Prentice Hall, New Jersey, 2010.
The course combines the explanation of macroeconomic concepts, the discussion of economic policy issues and the solving of problem sets.
Exam
Grundlagen der Marktwirtschaft
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