This is a new online course at bachelor level. It presents an introduction into macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics:
unemployment
inflation
government debt and Modern Monetary Theory
banks and financial crises.
The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal.
Lecture Plan
Lecture 1 - Introduction to the course
Targets of Macroeconomic Policy and the Performance of the Euro Area
The debate on the economic loss function
Lecture 2 - The mechanics of the two core macroeconomic models
The (neo-)classical model
The Keynesian model
Lecture 3 - The financial system and banks in the two models
Lecture 4 - Unemployment and stabilization policies
unemployment
stabilization policies
Lecture 5 - Fiscal policy
Lecture 6 - Inflation
Lecture 7 - Monetary policy of the ECB - in theoretical perspective
Lecture 8 - Monetary policy of the ECB - in institutional perspective i.
Lecture 9 - Monetary policy of the ECB - in institutional perspective ii.
Lecture 10 - Fiscal policy in the Euro area: coordinating policies of 19 countries
Lecture 11 - The euro crisis - learnings from the different economic model
Supported by:
This course is part of the Plural Certificate Project and is offered regularily by the German Network for Pluralist Economics as a course with ECTS.
The lecture is a new version of the content of this book by Peter Bofinger, presenting economic theories & empirics through their specific understanding of the economy.
Accompanying textbook: Fundamentals of Economics. Introduction into the Science of Markets (in German)
Brauchen wir angesichts der sich zuspitzenden Klimaproblematik neue ökonomische Denkweisen – jenseits der ‚unsichtbaren Hand des Marktes’ und des ‚rationalen’ Agenten – und wie sollten diese aussehen?
This paper posts a heretical question: Is economics a science after all? The answer to this question impinges on the methodology, hypotheses and results of economic research.
In this episode of the podcast "Hear this idea", Dr. Carolina Alves delves into the political debate surrounding Heterodox Economics and elaborates on D-Econ's mission to promote greater inclusivity in the field of Economics concerning gender, race, and representation from the Global South.
Looking for a pithy introduction into John Maynard Keynes's economic thinking? This BBC radio programme may be it.
Spenden
Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.