Macroeconomic Theory and Policy

Faculty of Business Management and Social Sciences

Version 18.0 of 01/25/2022

22B1300

Macroeconomic Theory and Policy

• International Management (B.A.)
• Betriebswirtschaft und Management - WiSo (B.A.)

1

Short- to middle-term macroeconomic relations at the national level and possible state interventions.

1. Introduction
2. Goods market, production function, labour market
3. Keynesian Cross
4. ASAD- or ISLM-Model
5. Fiscal and monetary policies in theory
6. Fiscal and monetary policies in praxis
7. Basic evils: Inflation, deflation and unemployment

Knowledge Broadening
Students who have successfully studied this module know the central macroeconomic questions associated with the supply of goods, production and the labour market as well as the economic policy instrument and target system.
Knowledge Deepening
Students have the knowledge to identify relevant causes of macroeconomic imbalances and to assess the possibilities and limits of state interventions.
Instrumental Skills and Competences
Students are able, to some extend, to assess economic policy proposals theory-based.
Communicative Skills and Competences
Students are able to process economic questions and to present them to third persons in an appropriate manner.
Systemic Skills and Competences
Students are able to use their available economic tools for solutions and to develop case-related approaches on their own.

Lecture with exercises, self-study

Microeconomic Theory and PolicyMath

Skala, Martin

• Hirata, Johannes
• Jennes, Geert
• Mayer, Peter
• Skala, Martin
• Trabold, Harald

5

Skala, M. (2021): Economic Models: www.zemit.wi.hs-osnabrueck.de/econmodels2/index.html********Krugman, Paul; Wells, Robin (latest ed.): Economics, 4. ed.Mankiw, N. Gregory; Taylor, Mark P. (latest ed.): Principles of Economics, 7. ed.********Other entries are given in the lecture.

• Two-Hour Written Examination
• Portfolio exam

none

Given in the lecture.

1 Term

Only Winter Term

English