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Foundations of International Macroeconomics II *

Name of module: Foundations of International Macroeconomics II *

Exam number: 5103

Semester/Trimester: Semester

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 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:
Seminar, Projektarbeit

Literature (compulsory reading, recommended literature):
Obstfeld, Maurice, Rogoff, Kenneth: Foundations of International Macroeconomics, The MIT Press.

Further information:
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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