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European Macroeconomics

Peter Bofinger
Exploring Economics, 2021
Level: advanced
Perspectives: Austrian Economics, Neoclassical Economics, Post-Keynesian Economics
Topic: (De-)growth, Crises, Labour & Care, Macroeconomics, Microeconomics & Markets, Money & Debt, Reflection of Economics
Format: Teaching Package

Information on the course

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

 

      Accompanying textbook: Fundamentals of Economics. Introduction into the Science of Markets (in German)

Go to book

 

  A critical introduction for students of economics

 A multiparadigmatic textbook, including neoclassical, Austrian and Keynesian economics

A focus on the roots of financial crises & the recent effects of digitization on the financial system

 


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.

 

Lecture 1 -  Introduction to the course

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 2 -  The mechanics of the two core macroeconomic models

a) The (neo-)classical model

b) The Keynesian model

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 3 - The financial system and banks in the two models

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 4 - Unemployment and stabilization policies

a) unemployment

b) stabilization policies

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 7 - Monetary policy of the ECB - in theoretical perspective

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 8 - Monetary policy of the ECB - in institutional perspective i.

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 9 - Monetary policy of the ECB - in institutional perspective ii.

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 10 - Fiscal policy in the Euro area: coordinating policies of 19 countries

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

 

Lecture 11 - The euro crisis - learnings from the different economic models

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 


 

Go to: European Macroeconomics

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This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.

 

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