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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 Business, Bachelor, ASPO 01.10.2017
Module code: BIBW-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.
P420-0204
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.
4VU (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 14.03.2018]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

DFIM-407 (P620-0109) German-French and International Management, Bachelor, ASPO 01.10.2019 , semester 4, mandatory course
BIBW-350 (P420-0204) International Business, Bachelor, ASPO 01.10.2013 , semester 3, mandatory course
BIBW-350 (P420-0204) International Business, Bachelor, ASPO 01.10.2017 , 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):
BIBW-120 Microeconomics


[updated 14.03.2018]
Recommended as prerequisite for:
BIBW-610 Foreign Trade and Payments
BIBW-623 Economic Policy (compulsory elective module 2)


[updated 22.02.2018]
Module coordinator:
Prof. Dr. Markus Hertrich
Lecturer:
Prof. Dr. Leonhard Firlus


[updated 26.02.2018]
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 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.

[updated 14.03.2018]
Module content:
1.        National income accounting
2.        The neoclassical macro model
3.        Inflation
4.        The European Central Bank
5.        The Keynesian Theory
6.        Price formation in the labor market and aggregate supply
7.        The Phillips Curve
8.        Medium term macro model with a flexible price level
9.        Alternative consumption functions

[updated 14.03.2018]
Teaching methods/Media:
Lecture and exercises

[updated 14.03.2018]
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 14.03.2018]
 
[Thu Apr 25 15:19:20 CEST 2024, CKEY=imo, BKEY=ibw3, CID=BIBW-350, LANGUAGE=en, DATE=25.04.2024]