Contents

Classical theory of macroeconomic production

Chapter 1: Gross domestic product

Chapter 2: Money and inflation

Chapter 3: Open economy I

Chapter 4: Unemployment

Growth: The economy in the long run

Chapter 5: Growth I

Chapter 6: Growth II

Business cycle: The economy in the short term

Chapter 7: Business cycle and aggregate demand I

Chapter 8: Business cycle and aggregate demand II

Chapter 9: Open economy II

Chapter 10: Aggregate supply

Advanced topics in macroeconomics

Chapter 11: Dynamic model of the macroeconomy

Chapter 12: Microeconomic foundations

Chapter 13: Macroeconomic policy

Learning objectives

The students...

...are able to name the basic key figures, technical terms and concepts of macroeconomics.

...are able to use models to reduce complex relationships to their basic components.

...are able to analyze economic policy debates and form an opinion on them independently.

Workload

Total workload for 5 credit points: approx. 150 hours

Attendance time: 45 hours

Preparation and follow-up of the course: 67.5 hours

Exam and exam preparation: 37.5 hours

Lecture language

German

References

This course is based on the well-known textbook "Macroeconomics" by Greg Mankiw from Schäffer Poeschel Verlag in the current version.