363-0575-00L  Economic Growth, Cycles and Policy

SemesterFrühjahrssemester 2020
DozierendeH. Gersbach
Periodizitätjährlich wiederkehrende Veranstaltung
LehrspracheEnglisch


KurzbeschreibungThis intermediate course focuses on the core thinking devices and foundations in macroeconomics and monetary economics, and uses these devices to understand economic growth, business cycles, crises as well as how to conduct monetary and fiscal policies and policies to foster the stability of financial and economic systems.
Lernziel- Fundamental knowledge about the drivers of economic growth in the short and long run, key macroeconomic variables and observed patterns in developed countries

- Comprehensive understanding of core macroeconomic frameworks and thinking devices
InhaltThis intermediate course focuses on the core thinking devices and foundations in macroeconomics and monetary economics, and uses these devices to understand economic growth, business cycles, crises as well as how to conduct monetary and fiscal policies and policies to foster the stability of financial and economic systems. The course is structured in the following way:

Part I: Basics
- Introduction
- IS-LM Model in Closed Economy (Repetition)
- Schools of Thought
- Consumption and Investment
- The Solow Growth Model

Part II: Special Themes
- Money Holding, Inflation, and Monetary Policy
- Crises in Market Economies
- IS-LM Model and Open Economy
- Theories of exchange rate determination
- Technical Appendix
SkriptCopies of the slides will be made available.
LiteraturChapters in
Manfred Gärtner (2009), Macroeconomics, Third Edition, Prentice Hall.
and selected chapters in other books and/or papers
Voraussetzungen / BesonderesIt is required that participants have attended the lecture "Principles of Macroeconomics" (363-0565-00L).