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351-0575-00L 3 Credits MSC , NDS D-MTEC

Intermediate Macroeconomics

Lecturers & Examiners: Prof. Dr. Hans Gersbach, Dr. Volker Hahn, Dr. Oliver Grimm
VVZ CR n/a

Last Updated: 2026-02-05 15:25:06

Abstract

The course on intermediate macroeconomics focuses on topics in monetary economics, labor economics and the basics in growth theory. Additionally, the students get an overview over the role of the intertemporal budget constraints and over the different schools of thought in macroeconomics.

Objective

Students obtain a deeper understanding of some important macroeconomic issues.

Content

1. Schools of thought (monetarists, Keynesianism, real business cycles, classical economists, Neoclassical synthesis), benefits of stabilization policy 2. Ricardian equivalence, intertemporal budget constraints, life-cycle, permanent-income hypothesis 3. Monetary economics: Lucas supply model, time-inconsistency, central banks and their policies, inflation targeting, monetary targeting, Taylor rule, exchange-rate regimes, Dornbusch overshooting model, New Keynesian models 4. Banks and financial crises: role of banks, market-based vs. bank-based, banking regulation: Basle II, IMF, lender of last resort, asset price bubbles, fundamental value 5. Labor market: unemployment, unions, minimum wage, insider-outsider conflict, efficiency wages 6. Long-run growth: neoclassical growth model

Resources

Lecture Notes

Copies of the slides will be sent to the participants via e-mail.

Literature

Selected chapters in David Romer, "Advanced Macroeconomics", McGraw-Hill/Irwin; 3 edition, 2005. Olivier Blanchard, "Macroeconomics", Prentice Hall; 4 edition, 2005. Lutz G. Arnold, "Makroökonomik", Mohr Siebeck GmbH & Co. K, 2006.

General Information

Language
English
Levels
MSC , NDS
Frequency
Yearly recurring

Examination

Type
end-of-semester examination

Course Components

Type Title Time & Place Hours
lecture with exercise Intermediate Macroeconomics
  • Mon 15:15-17:00 (LFO C 13)
2 h weekly

Offered In