Foundations of International Macroeconomics II *
Name of module: Foundations of International Macroeconomics II *
Exam number: 5103
Duration of the module: Ein Semester
Form of the module (i.e. obligatory, elective course): Wahlpflicht
Frequency of module offer: Summer semester 2012
Prerequisites: The seminar can be chosen by IBA-Master and MES-Master students. The overall capacity is limited to 16 students. We expect students to register until April 1st, 2012 at email@example.com. As a prerequisite you sound knowledge of the content of the book “Foundations of Macroeconomics by Obstfeld/Rogoff. Viadrina students must have passed the course Foundations of International Macroeconomics (winter semester 2011/2012).
Applicability of module for other modules and study programmes:
as T-Module in the Track "FINE"
Person responsible for module: Prof. Dr. Georg Stadtmann
Name of the professor: Prof. Dr. Georg Stadtmann, Oliver Hutengs
Language of teaching: Englisch
ECTS-Credits (based on the workload): 7 (Masterseminar)
Workload and its composition (self-study, contact time):
Masterseminar: Kontaktzeit (Vorlesung, Übung, Seminar etc.) 60 Std.; Selbststudium: 150 Std.
Contact hours (per week in semester): 3+1
Methods and duration of examination:
Writing of a seminar paper.
Emphasis of the grade for the final grade: 1/29
Aim of the module (expected learning outcomes and competencies to be acquired):
- Analyze the consumer problem in a small open economy
- Analyze the effects of choosing fiscal policy
- Analyze the effects of investment
- Analyze foreign exchange rate determination
- Explain the significance of the underlying model assumptions in general, and specifically assumptions regarding capital mobility, interest rate parity, and purchasing power parity
- Students are able to perform a mathematical, graphical and verbal analysis of macroeconomic shock in the various models.
Contents of the module:
- Part 9: Nominal Price Rigidities: Empirical Facts and Basic Open-Economy Models
- Part 10: Sticky-Price Models of Output, the Exchange Rate, and the Current Account
Teaching and learning methods:
Literature (compulsory reading, recommended literature):
Obstfeld, Maurice, Rogoff, Kenneth: Foundations of International Macroeconomics, The MIT Press.
We meet to discuss the outline of the course on April 11th. The term paper has to be turned in until 30th September 2012.
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