607.184 (24S) Topics 2: International Macroeconomics
Überblick
- Lehrende/r
- LV-Titel englisch Topics 2: International Macroeconomics
- LV-Art Vorlesung-Kurs (prüfungsimmanente LV )
- LV-Modell Präsenzlehrveranstaltung
- Semesterstunde/n 2.0
- ECTS-Anrechnungspunkte 4.0
- Anmeldungen 16 (20 max.)
- Organisationseinheit
- Unterrichtssprache Englisch
- LV-Beginn 04.03.2024
- eLearning zum Moodle-Kurs
-
Anmerkungen
Attendance is mandatory and will be checked in the practice sessions (for legal reasons). You may miss a maximum of two practice sessions. However, note that being absent will reduce the number of exercises you can tick in the checklists. As from the third time missing, you need to bring a doctor’s certificate and give an oral presentation of your (uploaded) solutions to the exercises of that session at a separate meeting. Repeated absence or abortion of the course without excuse/deregistration will result in negative grading. Opting out of the course without negative grading is possible until April 28, 2024, at the latest.
Zeit und Ort
LV-Beschreibung
Intendierte Lernergebnisse
The key learning objective is to provide students with a basic understanding of the key determinants of economic developments (in particular business cycles). We, therefore, commence with developing an understanding of terminology, concepts, and important economic relationships. Based on this, we discuss stylized models that describe economic activity in an open economy over the short, medium, and long run and economic policy options.
Lehrmethodik
VC International Macroeconomics consists of two parts:
Based on the underlying textbook, the lectures develop basic knowledge about and understanding of important macroeconomic relationships.
The practice sessions in small groups discussing identical material deepen the knowledge obtained in the lectures by discussing pencil and paper, and computer exercises.
Inhalt/e
- The Facts of Growth
- Saving, Capital Accumulation, and Output
- Technological Progress and Growth
- The Challenges of Growth
- Financial Markets and Expectations
- Expectations, Consumption, and Investment
- Expectations, Output, and Policy
- Openness in Goods and Financial Markets
- The Goods Market in an Open Economy
- Output, the Interest Rate, and the Exchange Rate
- Exchange Rate Regimes
Erwartete Vorkenntnisse
- VO StEOP – Introduction to Economics
- VO Economic Policy
- VC Microeconomics
- VC Macroeconomics
Additionally, knowledge of the material covered in Methodology I: Mathematics and/or Methodology II: Statistics is expected.
The mathematics knowledge covered in Methodology I is, e.g., contained in:
Knut Sydsaeter, Peter J. Hammond, Arne Strom, Andrés Carvajal (2021) [or earlier editions], Essential Mathematics for Economic Analysis, Pearson.
The statistics knowledge covered in Methodology II is not directly attributable one-to-one to one specific book, but a good and relevant introduction with a large overlap is:
Mario F. Triola (2018) [or earlier editions], Essentials of Statistics, Pearson.
Literatur
O. Blanchard (2021), Macroeconomics, Global Edition, 8th ed, Pearson.
O. Blanchard, Alessia Amighini, Francesco Giavazzi (2021), Macroeconomics: A European Perspective, 4th ed, Pearson.
Prüfungsinformationen
Prüfungsmethode/n
You will have to solve the four exercises of the corresponding exercise sheet for the practice sessions as of the first session. Select (tick) the exercises you solved in the Campus System checklist and upload the solutions to Moodle by 16:00 on the Monday before the practice session.
During the practice sessions, you will be randomly asked to present your solution for any of the exercises you ticked. You are expected to give a short and succinct presentation of your solutions.
A necessary condition for successfully completing the practice sessions is to tick at least 60% of the exercises (= 12 out of 20). Every ticked exercise is worth 1 point – the maximum number of points achievable for ticked exercises is, therefore, 20 points. You need at least 10 points from the number of selected/ticked exercises, taking into account bonus and malus points that you may have collected over the semester.
If it turns out that you are absent (without excuse) or haven’t prepared the exercise, you may be penalized with up to 2.5 minus points. In addition, you will lose the point for the exercise you ticked in the list (or all if you are absent). Serious flaws in the solutions presented will lead to deductions. You may, however, also be awarded bonus points for particularly good explanations of exercises and contributions (to the discussions).
Final exam:
- The final exam consists of three questions:
- Exercise 1 [20 points]: 20 true/false statements worth 1 point each
- Exercises 2–3 [20 points]: Exercises and questions similar in spirit and complexity to the weekly exercises
- A minimum of 20 points is required for a positive grade
- Duration: 90 minutes
- Closed-book exam (= no documents allowed); you may use a non-programmable calculator (and bringing a ruler is also a good idea)
Prüfungsinhalt/e
The exam is based on:
- the actual contents discussed in the lectures (the list above is, therefore, purely indicative)
- the material discussed in the practice sessions, both related to the exercise sheets and to potentially discussed further issues.
Beurteilungskriterien/-maßstäbe
You must complete each part (i.e., achieve at least 10 points in the practice sessions and at least 20 points in the final exam). Note that taking the final exam is conditional upon completing the practice sessions successfully.
The final exam contributes 2/3 and practice sessions 1/3 to the overall grade.
If one of the two parts is not completed successfully, International Macroeconomics VC must be repeated. [This is required by law and not for us to decide.]
Beurteilungsschema
Note BenotungsschemaPosition im Curriculum
- Masterstudium Betriebswirtschaft
(SKZ: 918, Version: 22W.1)
-
Fach: Ausgewählte Gebiete der Volkswirtschaftslehre
(Wahlfach)
-
16.3 Volkswirtschaftslehre 3 (
0.0h KS, VI, VO, SE, VC / 4.0 ECTS)
- 607.184 Topics 2: International Macroeconomics (2.0h VC / 4.0 ECTS) Absolvierung im 2., 3., 4. Semester empfohlen
-
16.3 Volkswirtschaftslehre 3 (
0.0h KS, VI, VO, SE, VC / 4.0 ECTS)
-
Fach: Ausgewählte Gebiete der Volkswirtschaftslehre
(Wahlfach)
- Bachelorstudium International Business and Economics
(SKZ: 516, Version: 19W.1)
-
Fach: Topics in International Economics
(Pflichtfach)
-
9.3 Topics in International Economics 2 (
0.0h VO, VI, VC, SE / 4.0 ECTS)
- 607.184 Topics 2: International Macroeconomics (2.0h VC / 4.0 ECTS) Absolvierung im 3., 4., 5., 6. Semester empfohlen
-
9.3 Topics in International Economics 2 (
0.0h VO, VI, VC, SE / 4.0 ECTS)
-
Fach: Topics in International Economics
(Pflichtfach)