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363-0575-00L 3 Credits MSC , NDS D-MATH , D-MTEC
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Economic Growth, Cycles and Policy

Lecturers & Examiners: Prof. Dr. Hans Gersbach, Dr. Heiner Mikosch, Dr. Hugo Jozef van Buggenum
VVZ CR n/a

Last Updated: 2026-06-01 11:33:45

Abstract

This 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.

Objective

- 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

Content

This 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

Resources

Lecture Notes

Copies of the slides will be made available.

Literature

Chapters in Manfred Gärtner (2009), Macroeconomics, Third Edition, Prentice Hall. and selected chapters in other books and/or papers

General Information

Language
English
Levels
MSC , NDS
Frequency
Yearly recurring

Examination

Type
end-of-semester examination
Mode
written 90 minutes
Aids
No resources (like books, scripts, notes) allowed.

Course Components

Type Title Time & Place Hours
lecture with exercise Economic Growth, Cycles and Policy
For further information please contact Dr. Hugo van Buggenum: .
  • Mon 12:15-14:00 (HG E 1.2)
2 h weekly

Offered In