DFIM-407 P620-0109 dfim2 4 VU 4 4 yes English Written exam (90 minutes/can be repeated semesterly) DFIM-407 German-French and International Management 4 mandatory course BIBW-350 International Business 4 mandatory course BIBW-350 International Business 4 mandatory course 60 class hours (= 45 clock hours) over a 15-week period.The total student study time is 120 hours (equivalent to 4 ECTS credits).There are therefore 75 hours available for class preparation and follow-up work and exam preparation. DFIM-304 English 3 Prof. Dr. Markus Hertrich mhr Prof. Dr. Markus Hertrich mhr 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 macroeconomic supply and 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. * National accounts and its core aggregates * The Neoclassical Macro Model * Inflation The European Central Bank * The Keynesian Theory * Price Formation in the Labour Market and Aggregate Supply * The Phillips Curve * Medium Term Macro Model with a Flexible Price Level * Growth Theory Lectures and exercises. * Abel, A., Bernanke, B. and Groushore, D.: Macroeconomics, Pearson, latest edition. * Blanchard, O., Amighini, A. and Giavazzi, F.: Macroeconomics, Pearson, latest edition. * Mankiw, N.G.: Macroeconomics, Macmillan, latest edition. Sat Aug 15 11:42:31 CEST 2026, CKEY=imo, BKEY=dfim2, CID=[?], LANGUAGE=en, DATE=15.08.2026