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International Business Administration

Macroeconomics

Exam number: 1641

Semester: from 3rd semester (Grundlagenausbildung)

Duration of the module: One semester

Form of the module (i.e. obligatory, elective etc.): Obligatory

Frequency of module offer: Each winter semester

Prerequisites: IBA-Bachelor-Students and Foreign Exchange Students ONLY!

Applicability of module for other study programmes:
Obligatory or elective in other study programmes. For further information check regulations of the study programme.

Person responsible for module: Prof. Dr. Georg Stadtmann

Name of the professor: Prof. Dr. Georg Stadtmann

Language of teaching: English

ECTS-Credits (based on the workload): 6

Workload and its composition (self-study, contact time):
Contact time (lecture, tutorials etc.) 45 h; self-study: 135 h

Contact hours (per week in semester): 4

Methods and duration of examination:
Successful written exam (120 min)

Emphasis of the grade for the final grade: Please check regulations of the study programme

Aim of the module (expected learning outcomes and competencies to be acquired):
Macroeconomics deals with aggregate economic phenomena like economic growth, the business cycle, unemployment and inflation. Can governments effectively influence these aggregates? Why do some countries grow faster than others? Why is European unemployment so high? This lecture analyzes basic macroeconomic models to provide answers to these and related questions.

Contents of the module:
1 Basic concepts of national income accounting
2 Short-run analysis
2.1 The goods market
2.2 Financial markets
2.3 The IS-LM model
3 Medium-run analysis
3.1 The labor market
3.2 The AS-AD model
3.3 The Phillips curve and the natural rate of unemployment

Teaching and learning methods:

  • Lecture with tutorials, self-studies
  • Excel-Tutorial (voluntary)
If you want to learn something about Excel you can register for the voluntary Excel-Tutorial (1 afternoon x 4 hours).
  • E-Learning Tool
Voluntary weekly tests. Invitations will be sent via Moodle. The tests will only be avialable for one week and disconnected thereafter!

Literature (compulsory reading, recommended literature):
Olivier Blanchard, Macroeconomics 7th ed., Pearson, 2016 (older editions are also allowed).

Further information:
Registration in Moodle Viadrina required.