Macroeconomic Theory and Policy
- Faculty
Faculty of Business Management and Social Sciences
- Version
Version 1 of 05.12.2023.
- Module identifier
22B1300
- Module level
Bachelor
- Language of instruction
English
- ECTS credit points and grading
5.0
- Module frequency
only winterterm
- Duration
1 semester
- Brief description
Short- to middle-term macroeconomic relations at the national level and possible state interventions.
- Teaching and learning outcomes
1. Introduction 2. Goods market, production function, labour market 3. Keynesian Cross 4. ASAD- or ISLM-Model 5. Fiscal and monetary policies in theory 6. Fiscal and monetary policies in praxis 7. Basic evils: Inflation, deflation and unemployment
- Overall workload
The total workload for the module is 150 hours (see also "ECTS credit points and grading").
- Teaching and learning methods
Lecturer based learning Hours of workload Type of teaching Media implementation Concretization 58 Lecture Presence - 2 Examination Presence - Lecturer independent learning Hours of workload Type of teaching Media implementation Concretization 40 Preparation/follow-up for course work - 25 Study of literature - 25 Exam preparation -
- Graded examination
- Written examination or
- Portfolio exam
- Remark on the assessment methods
The portfolio exam covers 100 points and consists of a one-hour written examination (K1) and a final one-hour written examination (K1). Each K1 is weighted by 50 points.
- Exam duration and scope
Written examinations: in accordance with the valid study regulations
The requirements are specified in the respective lectures.
- Recommended prior knowledge
Microeconomic Theory and Policy Math
- Knowledge Broadening
Students who have successfully studied this module know the central macroeconomic questions associated with the supply of goods, production and the labour market as well as the economic policy instrument and target system.
- Knowledge deepening
Students have the knowledge to identify relevant causes of macroeconomic imbalances and to assess the possibilities and limits of state interventions.
- Knowledge Understanding
Students are able to assess economic policy proposals theory-based.
- Application and Transfer
Students are able to use their available economic tools for solutions and to develop case-related approaches on their own.
- Academic Innovation
Students will be able to creatively use a selected set of economic tools and develop possible solutions.
- Communication and Cooperation
Students are able to process economic questions and to present them to third persons in an appropriate manner.
- Academic Self-Conception / Professionalism
Students will have developed an ability to abstract that allows them to apply economic concepts to current economic policy issues and make a multidimensional assessment.
- Literature
Skala, M. (2021): Economic Models: www.zemit.wi.hs-osnabrueck.de/econmodels2/index.html ******** Krugman, Paul; Wells, Robin (latest ed.): Economics, 4. ed. Mankiw, N. Gregory; Taylor, Mark P. (latest ed.): Principles of Economics, 7. ed. ******** Other entries are given in the lecture.
- Linkage to other modules
Macroeconomics is closely related to "Microeconomics" and "International Economics". In addition, it provides the framework for all business activities that are thematized in business administration/management.
- Applicability in study programs
- International Business and Management
- International Business and Management, B.A.
- International Management
- International Management, B.A.
- Business Administration and Management
- Business Administration and Management, B.A.
- Person responsible for the module
- Skala, Martin
- Teachers
- Skala, Martin