3rd year B.Sc.
7,5 ECTS / 6 LP (Diplom)
2 h lecture + 2 h colloquium
B.Sc. in Economics and Business Administration
Wednesday, 2 pm - 4 pm
HS 21, Kupferbau (Hölderlinstr. 5)
written exam (90 min)
The aim of this class is to provide students with up-to-date knowledge of key macroeconomic analytical concepts. This knowledge can serve as a basis for further graduate studies on the topics, and it will also provide the background for applied work of economists in various positions in the private and governmental sector.
The lecture Advanced Macroeconomics is based on and continues the material that has been covered in the lecture Intermediate Macroeconomics. It is a basic course in graduate macroeconomics, covering traditional Keynesian theories of economic fluctuations, real business cycle theory, microfoundations of incomplete nominal adjustment, and theories of consumption and investment.
Chapter I: Traditional Keynesian Theory and New Keynesian Economics.
Chapter II: Real Business Cycle Theory.
Chapter III: European Unemployment - The Evolution of Facts and Ideas.
Chapter IV: Consumption and Investment.
The lecture is based on the following textbook: Romer, David (1996). Advanced Macroeconomics. McGraw-Hill.
All course material will be available through ILIAS . The ILIAS-platform for this course will be opened in due course.
The lecture slides for the first lecture can be found here.