4906572: Macroeconomics

Qualifications

• • Know the fundamental concepts for macroeconomic analysis in the short-, medium-, and long run.
  • Understand structuring of national accounts and are able to interpret important macroeconomic data.
  • Solve application tasks on various macroeconomic issues
  • Calculate steady state values in balanced growth
  • Analyse the microeconomic equilibrium in the short run.
  • Identify the trade-off between inflation rate and unemployment rate
  • Determine the connection between monetary developments, inflation and output.
  • Develop an understanding of complex economic issues.
  • grasp the differences between cyclical treatment and growth-theoretical, work out different reasons for unemployment.
  • Assess various fiscal and monetary policy in the short and medium run (IS-LM model, ace-ad model)
  • Assess problems on the labour market.
  • Evaluate current developments in monetary and for fiscal policy
• • Reflect on the fundamental concepts of macroeconomic analysis in the short, medium and long run and are able to illustrate it in graphic form.
  • Explain and interpret the assumptions of neoclassical growth theory.
  • Create graphic solutions regarding displacements of the equilibrium on the goods- and money markets.
  • Develop and describe the changes in economic equilibrium by means of suitable graphics.
  • Analyse different model assumptions for open and closed economies
  • Unravel the problems in the measuring and interpretation of economic data.
  • Identify similarities and differences in the effects of monetary and fiscal policy in the short and medium run.
  • Grasp the mechanism of multipliers.
  • Are able to develop and combine approaches for economic control and aggregate demand.
  • Choose appropriate models and approaches for the explanation of economic phenomenon.
  • Are able to integrate current developments in monetary- and fiscal policy in the overall context of macroeconomics.
• • Perceive and receive arguments by their fellow students, tolerate the arguments of their fellow students and listen to them.
  • Work together in groups on the solution of small case studies or exercises. Take care of fellow students, contribute to the formation of will (learning by explaining) (of a common purpose??)
  • Assess the solutions of colleagues, evaluate them in relation to their own solution. Take on responsibility in presenting their solutions and discussing them in the panel discussion.
  • Formulate own hypotheses about macroeconomic connections, order arguments to support their hypotheses and identify moral concepts in the macroeconomic discussion.
  • Represent and defend their own solutions in the light of criticism, justify chosen methods and approaches for solutions, develop and internalize own values.
• • Perceive and receive arguments by their fellow students
  • Work together in groups on the solution of small case studies or exercises, communicate their approaches, and take care of the fellow students by helping them with solutions and discussing approaches.
  • Adapt an abstract way of thinking, formulate hypotheses, and learn how to classify abstract argumentations of their fellow students.
  • Are able to justify abstract issues, use the theories to establish and defend their own arguments, and develop a high degree of self-management, discipline and capacity for teamwork.