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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.
Business Administration, Bachelor, ASPO 01.10.2016
Module code: BBWL-340
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.
P420-0100
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:
German
Assessment:
Written exam (90 min. / Can be repeated semesterly)

[updated 02.01.2019]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

BBWL-340 (P420-0100) Business Administration, Bachelor, ASPO 01.10.2012 , semester 3, mandatory course
BBWL-340 (P420-0100) Business Administration, Bachelor, ASPO 01.10.2016 , semester 3, mandatory course
BBWL-2020-340 (P420-0100) Business Administration, Bachelor, ASPO 01.10.2020 , semester 3, mandatory course
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):
BBWL-250 Microeconomics


[updated 10.12.2019]
Recommended as prerequisite for:
BBWL-610 Economic Policy


[updated 10.12.2019]
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]
 
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