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Macroeconomics

Module name (EN): Macroeconomics
Degree programme: Business Administration, Bachelor, ASPO 01.10.2020
Module code: BBWL-2020-340
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 5
Semester: 3
Mandatory course: yes
Language of instruction:
German
Assessment:
Written exam (90 min. / Can be repeated semesterly)

[updated 02.01.2019]
Curricular relevance:
BBWL-340 Business Administration, Bachelor, ASPO 01.10.2012, semester 3, mandatory course
BBWL-340 Business Administration, Bachelor, ASPO 01.10.2016, semester 3, mandatory course
BBWL-2020-340 Business Administration, Bachelor, ASPO 01.10.2020, semester 3, mandatory course
Workload:
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
None.
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Christian Conrad
Lecturer: Prof. Dr. Christian Conrad

[updated 01.10.2016]
Learning outcomes:
After successfully completing this module, students will:
 
1. know and be able to explain the basic principles of national accounts.
2. be able to explain key macroeconomic variables such as the gross domestic product  
   and place them in a macroeconomic context.
3. be able to identify and compare the components and determinants of macroeconomic supply and demand.
4. be able to explain the interplay between aggregate demand and aggregate supply on the supply and demand side and calculate the equilibrium in various model markets.
 
5. be able to explain economic crises such as the Great Depression of 1929 and the financial crisis of 2007/2008 in macroeconomic terms and derive the correct economic policy measures.
 
 
- Introduction
 


[updated 02.01.2019]
Module content:
 
- National accounts (NA)
- Neoclassical Macromodel
- Inflation
- The European Central Bank´s monetary policy
- Booms and unemployment
- The Keynesian Economics Theory


[updated 02.01.2019]
Teaching methods/Media:
Lecture and tutorial

[updated 02.01.2019]
Recommended or required reading:
- Deutsche Bundesbank, Geld- und Geldpolitik, Frankfurt latest edition.
- Felderer, Bernhard/Homburg, Stefan, Makroökonomik und neue Makroökonomik,
  Berlin latest edition
- Frenkel, Michael, Volkswirtschaftliche Gesamtrechnung, München latest
  edition.
- Grögens, Egon/Ruckriegel, Karlheinz/Seitz, Franz, Europäische Geldpolitik,
  Theorie _ Empirie _ Praxis, 5. Auflage, Stuttgart latest edition.
- Mankiw, Gregory N., Makroökonomik, 5. Auflage, Stuttgart latest edition.
- Scheller, Hanspeter, Die Europäische Zentralbank, Geschichte, Rolle und
  Aufgaben, Frankfurt latest edition.


[updated 02.01.2019]
[Mon Sep 20 07:17:24 CEST 2021, CKEY=bmq, BKEY=bbw3, CID=BBWL-2020-340, LANGUAGE=en, DATE=20.09.2021]