607.145 (21S) ECON 2: Macroeconomics

Sommersemester 2021

Registration deadline has expired.

First course session
02.03.2021 10:00 - 12:00 Online Off Campus
... no further dates known

Overview

Due to the COVID-19 pandemic, it may be necessary to make changes to courses and examinations at short notice (e.g. cancellation of attendance-based courses and switching to online examinations).

For further information regarding teaching on campus, please visit: https://www.aau.at/en/corona.
Lecturer
Course title german ECON 2: Macroeconomics
Type Lecture - Course (continuous assessment course )
Course model Online course
Hours per Week 3.0
ECTS credits 6.0
Registrations 25 (30 max.)
Organisational unit
Language of instruction English
Course begins on 02.03.2021
eLearning Go to Moodle course
Remarks (english)


The lectures and practice sessions will take place in virtual classrooms in Moodle.

Time and place

Please note that the currently displayed dates may be subject to change due to COVID-19 measures.
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Course Information

Intended learning outcomes

Introduction to macroeconomics. 

Teaching methodology including the use of eLearning tools

There are two parts - lectures and practice sessions. See the description in Moodle for details.

There is also a tutorial (no. 607.245) accompanying the courses. It serves the purpose of reviewing and discussing the lectures and getting some groundwork done for the exercises.

Course content

  1. A Tour of the World
  2. Output, Unemployment and Inflation
  3. The Goods Market
  4. Financial Markets I
  5. Goods and Financial Markets: The IS-LM Model
  6. Financial Markets II: The Extended IS-LM Model
  7. The Labor Market
  8. The Phillips Curve
  9. The IS-LM-PC Model

If time permits, we will study some additional chapters from the book to be decided in time, one possible choice are the following chapters:

     10. The Facts of Growth
     14. Financial Markets and Expectations

Prior knowledge expected

Sufficient prior economics knowledge, at least to the extent of the Introduction to Economics StEOP  and Economic Policy lectures, is definitely most helpful.

Being familiar with the contents of Microeconomics VC makes it a lot easier.

And you would certainly not be the worse off when remembering the material covered in Methodology I: Mathematics and/or Methodology II: Statistics.

Literature

O. Blanchard (2017), Macroeconomics, Global Edition, 7th ed, Pearson.
O. Blanchard (2017), Macroeconomics, 7th ed, Pearson, may be used as well, as these two books effectively coincide.


Examination information

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Examination methodology

Lecutres: multiple choice online exam - 90 minutes time for 15 sections with 4 true/false statements each. Of the possible maximal 60 points you must reach at least 70% = 42 points for a positive grade on the lectures part.

Practice sessions: exercises (60% of exercises ticked, max 30 points - 15 to be positive) and a final exam (max 30 points - 15 to be positive); active participation in the discussion.

The two parts – lectures and practice sessions – each contribute 50% to the total grade.

Please note that both the successful completion of the practice sessions and the positive result from the multiple choice exam related to the lectures are necessary in order to complete the Macroeconomics VC successfully. If only one of the two parts is not completed successfully Macroeconomics VC needs to be repeated altogether.

See description in Moodle for details, especiall regarding the practice sessions.

Examination topic(s)

The exam is based on the actual contents discussed in the lectures, the list in the description is, therefore, purely indicative.

The contents discussed may go beyond the material contained in the book indicated, additional material may be provided and may possibly deviate from the book.

There is, of course, also the possibility that not all chapters indicated will be discussed and would, therefore, not be relevant for the exam.

Also, of course, more chapters than indicated at the outset may be discussed and will in
this case be relevant for the exam.

Grading scheme

Grade / Grade grading scheme

Position in the curriculum

  • Bachelor's degree programme Business Administration (SKZ: 518, Version: 18W.1)
    • Subject: Volkswirtschaftslehre (Compulsory subject)
      • 3.3 Volkswirtschaftslehre III: Makroökonomik ( 0.0h VC / 6.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
          Absolvierung im 2., 3., 4., 5. Semester empfohlen
  • Bachelor's degree programme Applied Business Administration (SKZ: 518, Version: 14W.3)
    • Subject: Grundlagen der Volkswirtschaftslehre (Compulsory subject)
      • §9(1) Makroökonomik ( 3.0h VC / 6.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
  • Bachelor's degree programme Information Management (SKZ: 522, Version: 17W.1)
    • Subject: Volkswirtschaftslehre (Compulsory elective)
      • 8.3 Volkswirtschaftslehre ( 0.0h XX / 8.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
          Absolvierung im 5., 6. Semester empfohlen
  • Bachelor's degree programme Management Information Systems (SKZ: 522, Version: 20W.2)
    • Subject: Volkswirtschaftslehre (Compulsory elective)
      • 11.3 Volkswirtschaftslehre ( 0.0h VO, VC, VI, KS / 8.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
          Absolvierung im 5., 6. Semester empfohlen
  • Bachelor's degree programme Information Management (SKZ: 522, Version: 12W.1)
    • Subject: Volkswirtschaftslehre (Compulsory elective)
      • Sonstige Lehrveranstaltungen des Wahlfaches Volkswirtschaftslehre ( 0.0h XX / 8.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
  • Masterstudium Information and Communications Engineering (ICE) (SKZ: 488, Version: 15W.1)
    • Subject: Management and Economics: Basic Courses (WI) (Compulsory elective)
      • Management and Economics: Basic Courses ( 0.0h VO, VK / 8.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
  • Bachelor's degree programme International Business and Economics (SKZ: 516, Version: 19W.1)
    • Subject: Principles of Economics (Compulsory subject)
      • 2.3 ECON 2: Macroeconomics ( 0.0h VC / 6.0 ECTS)
        • 607.145 ECON 2: Macroeconomics (3.0h VC / 6.0 ECTS)
          Absolvierung im 1., 2., 3. Semester empfohlen

Equivalent courses for counting the examination attempts

Sommersemester 2024
  • 607.145 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
  • 607.146 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
Wintersemester 2023/24
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.141 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
Sommersemester 2023
  • 607.145 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
  • 607.146 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
  • 607.147 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
Wintersemester 2022/23
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.141 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.143 VC Makroökonomik (3.0h / 6.0ECTS)
Sommersemester 2022
  • 607.145 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
  • 607.146 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
  • 607.147 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
Wintersemester 2021/22
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.141 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.143 VC Makroökonomik (3.0h / 6.0ECTS)
Sommersemester 2021
  • 607.146 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
Wintersemester 2020/21
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.141 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.143 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.144 VC Makroökonomik (3.0h / 6.0ECTS)
Sommersemester 2020
  • 607.145 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
  • 607.146 VC ECON 2: Macroeconomics (3.0h / 6.0ECTS)
Wintersemester 2019/20
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.143 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.144 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.145 VC Makroökonomik (3.0h / 6.0ECTS)
Sommersemester 2019
  • 607.140 VC Macroeconomics (3.0h / 6.0ECTS)
Wintersemester 2018/19
  • 607.140 VC Macroeconomics (3.0h / 6.0ECTS)
Sommersemester 2018
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.141 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.143 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.144 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.145 VC Makroökonomik (3.0h / 6.0ECTS)
Wintersemester 2017/18
  • 607.140 VC Macroeconomics (3.0h / 6.0ECTS)
Sommersemester 2017
  • 607.140 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.141 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.142 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.143 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.144 VC Makroökonomik (3.0h / 6.0ECTS)
  • 607.145 VC Makroökonomik (3.0h / 6.0ECTS)
Wintersemester 2016/17
  • 607.140 VC Macroeconomics (3.0h / 6.0ECTS)