Economics II - Macroeconomics

What it is about

You obtain an introduction to central questions of macroeconomics: how economies grow, how prices, employment, money and banks interact, and what role technological change as well as historical crises play. In the end you can describe aggregate economic variables, analyze the causes of unemployment, inflation and economic crises, and work on economic problems with models and mathematical methods.

What you will be able to do

• Describe gross domestic product: composition and distribution
• Analyze causes and mechanisms of unemployment
• Explain the relationships between monetary policy and inflation
• Understand economic crises and international wealth differences
• Think about economic problems in model-based terms and solve them mathematically

What the module consists of

• LecturesConveying the theoretical foundations and historical, relatable examples
• TutorialApplication of lecture content through mathematical calculations and graphical illustrations

Teaching method

• Oral lecture with slidesto present textbook-based content and relatable examples
• Tutorials with mathematical and graphical exercisesfor practical implementation and consolidation of theoretical knowledge
• Independent engagement with lectures and current literaturepromotes independent reflection and operationalization of economic problems