Macroeconomics I (Production, Income Accounting, and Business Fluctuations), Group C

1. National Accounting
2. Goods Market
3. Financial Market
4. IS/LM Model

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.

Exam

Grundlagen der Marktwirtschaft

90