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Macroeconomics II: Income, Employment and the Price Level, Group B

Course code
Course type
BSc Course
Weekly Hours
HS 2019
Prof. Dr. Christian Hagist
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.


Macroeconomics 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. 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

Structure and content

The course combines the explanation of macroeconomic concepts, the discussion of economic policy issues and the solving of problem sets. Macroeconomics II is covering the second part of the module Macroeconomics.

Macroeconomics II

  1. Labor Market
  2. AD/AS-Model
  3. Philips curve
  4. Economic Growth
Date Time
Wednesday, 30.10.2019 15:30 - 18:45
Wednesday, 18.12.2019 14:00 - 17:00
Macroeconomic Theories
Blanchard, Olivier and David R. Johnson, Macroeconomics, Pearson 2013 Secondary literature: Miles, D., Scott, A., and Breedon, F., Macroeconomics: Understanding the Global Economy, Wiley, 2012.
Lecture and problem sets

For each part of the course problem sets will be available on Moodle. We expect that each student will solve the problem sets as a preparation for the final exam. Detailed solutions for self-control will be provided as well.

Makroökonomie I
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