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Macroeconomics

Module name (EN):
Name of module in study programme. It should be precise and clear.
Macroeconomics
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Tourism-Management, Bachelor, ASPO 01.10.2013
Module code: BITM-350
SAP-Submodule-No.:
The exam administration creates a SAP-Submodule-No for every exam type in every module. The SAP-Submodule-No is equal for the same module in different study programs.
P440-0082
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
4V (4 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
5
Semester: 3
Mandatory course: yes
Language of instruction:
English
Assessment:
Written exam (90 minutes / Can be repeated semesterly)

[updated 17.09.2018]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

BITM-350 (P440-0082) International Tourism-Management, Bachelor, ASPO 01.10.2013 , semester 3, mandatory course
BITM-350 (P440-0082) International Tourism-Management, Bachelor, ASPO 01.10.2015 , semester 3, mandatory course
BITM-350 (P440-0082) International Tourism-Management, Bachelor, ASPO 01.10.2017 , semester 3, mandatory course
BITM-350 (P440-0082) International Tourism-Management, Bachelor, ASPO 01.10.2020 , semester 3, mandatory course

Suitable for exchange students (learning agreement)
Workload:
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
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):
BITM-120 Microeconomics


[updated 24.09.2014]
Recommended as prerequisite for:
BITM-520 Foreign Trade and Payments


[updated 29.10.2012]
Module coordinator:
Prof. Dr. Markus Hertrich
Lecturer:
Prof. Dr. Markus Hertrich


[updated 24.09.2014]
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 explain the components and determinants of aggregate demand;
4.        be able to explain the price formation on the labor market and classify the determinants of macroeconomic supply;
5.        be able to outline the principles of the European Central Bank´s monetary policy;
6.        be able to explain the interplay between aggregate demand and aggregate supply on the supply and demand side.


[updated 21.03.2018]
Module content:
1.        Introduction
2.        National income accounting
3.        The neoclassical macro model
4.        Inflation
5.        The European Central Bank
6.        The Keynesian Macro Model
7.        The Phillips Curve
8.        Alternative consumption functions
 
 
 


[updated 21.03.2018]
Teaching methods/Media:
Lecture and exercises

[updated 21.03.2018]
Recommended or required reading:
Blanchard, Olivier/Johnson, David R.: Macroeconomics, Upper Saddle River, latest edition
Brümmerhoff, Dieter: Volkswirtschaftliche Gesamtrechnungen, München/Wien, latest edition.
European Central Bank: The implementation of monetary policy in the euro area, Frankfurt, latest edition.
Felderer, Bernhard/Homburg, Stefan: Macroeconomics and New Macroeconomics, Berlin, latest edition.
Mankiw, Gregory N.: Macroeconomics, London/New York, latest edition.
 
 


[updated 21.03.2018]
[Wed May 29 16:09:04 CEST 2024, CKEY=imm, BKEY=itm2, CID=BITM-350, LANGUAGE=en, DATE=29.05.2024]