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European Macroeconomics - Learning and Teaching Package
Exploring Economics, 2021
Exploring Economics for Teachers
Exploring Economics collects course descriptions, syllabi and slides so that lecturers can share ressources and innovate their teaching.
Learning and Teaching Package for the Course "European Macroeconomics"
Accompanying textbook: Fundamentals of Economics. Introduction into the Science of Markets (in German)
- 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
! The lecture is a new version of the content of this book, presenting economic theories & empirics through their specific understanding of the economy !
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:
- 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.
Unit 1 - Introduction to the course
a) Targets of Macroeconomic Policy and the Performance of the Euro Area
b) The debate on the economic loss function
Unit 2 - The mechanics of the two core macroeconomic models
a) The (neo-)classical model
b) The Keynesian model
Unit 3 - The financial system and banks in the two models
Unit 4 - Unemployment and stabilization policies
b) stabilization policies
Unit 5 - Fiscal policy
Unit 6 - Inflation
Unit 7 - Monetary policy of the ECB - in theoretical perspective
Unit 8 - Monetary policy of the ECB - in institutional perspective i.
Unit 9 - Monetary policy of the ECB - in institutional perspective ii.
Unit 10 - Fiscal policy in the Euro area: coordinating policies of 19 countries