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Principles of Macroeconomics
Last Updated: 2026-02-05 15:49:08
Abstract
This course examines the behaviour of macroeconomic variables, such as gross domestic product, unemployment and inflation rates. It tries to answer questions like: How can we explain fluctuations of national economic activity? What can economic policy do against unemployment and inflation?
Objective
This lecture will introduce the fundamentals of macroeconomic theory and explain their relevance to every-day economic problems.
Content
This course helps you understand the world in which you live. There are many questions about the macroeconomy that might spark your curiosity. Why are living standards so meagre in many African countries? Why do some countries have high rates of inflation while others have stable prices? Why have some European countries adopted a common currency? These are just a few of the questions that this course will help you answer. Furthermore, this course will give you a better understanding of the potential and limits of economic policy. As a voter, you help choose the policies that guide the allocation of society's resources. When deciding which policies to support, you may find yourself asking various questions about economics. What are the burdens associated with alternative forms of taxation? What are the effects of free trade with other countries? How does the government budget deficit affect the economy? These and similar questions are always on the minds of policy makers.
Resources
Lecture Notes
The course webpage (to be found athttps://moodle-app2.let.ethz.ch/course/view.php?id=15062) contains announcements, course information and lecture slides.
Literature
The set-up of the course will closely follow the book of N. Gregory Mankiw and Mark P. Taylor (2020), Economics, Cengage Learning, Fifth Edition. This book can also be used for the course '363-0503-00L Principles of Microeconomics' (Filippini). Besides this textbook, the slides, lecture notes and problem sets will cover the content of the lecture and the exam questions.
General Information
- Language
- English
- Levels
- BSC , MSC , DS , DR , NDS
- Frequency
- Yearly recurring
Examination
- Type
- end-of-semester examination
- Mode
- written 90 minutes
- Aids
- None
Course Components
| Type | Title | Time & Place | Hours |
|---|---|---|---|
| lecture |
Principles of Macroeconomics
Di 16-18 im ETA F 5 mit Videoübertragung im ETF E 1.
The lecture takes place in classroom, online via livestreaming or zoom and recorded.
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2 h weekly |
Offered In
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Actuary SAA Education at ETH Zurich (Further pieces of information are available at Prof. M. Wüthrich's secretariat, HG F 42.)
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GESS Science in Perspective (Only the topics listed in this paragraph can be chosen as GESS Science in Perspective. Further below you will find the "type B courses Reflections about subject specific methods and content" as well as the language courses. 6 ECTS need to be acquired during the BA and 2 ECTS during the MA Students who already took a course within their main study program are NOT allowed to take the course again.)
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Type A: Enhancement of Reflection Competence (Suitable for all students. Students who already took a course within their main study program are NOT allowed to take the course again.)
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Type B: Reflection About Subject-Specific Methods and Contents (Subject-specific courses: Recommended for doctoral, master and bachelor students (after first-year examination only). Students who already took a course within their main study program are NOT allowed to take the course again. These course units are also listed under "Type A", which basically means all students can enroll)
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Management, Technology and Economics (Focus Coordinators: Prof. Stefano Brusoni D-MTEC and Dr. Bastian Bergmann D-MTEC)
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Electives (Students are free to choose from a range of D-CHAB chemistry courses appropriate to their level of study (please note admission requirements). In case of doubt, contact the student administration.)
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Management, Technology and Economics Master (Welcome and Introduction to MSc ETH MTEC Monday, 20.09.2021, 14.00 - 15.15 h, HG E 1.1 (tbc))
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Application Area (Only necessary and eligible for the Master degree in Applied Mathematics. One of the application areas specified must be selected for the category Application Area for the Master degree in Applied Mathematics. At least 8 credits are required in the chosen application area.)
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Electives (The entire course programs of ETH Zurich and Universitiy Zurich are open to the students to individual selection. The students have themselves to check whether they meet the admission requirements for a course.)
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MAS in Management, Technology, and Economics (MAS MTEC Introductory Event for 1st Semester Students. Monday, 20.09.2021, 16.00 - 17.15 h, HG E 1.2 (tbc))
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Doctoral Department of Mechanical and Process Engineering (More Information at: )
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