European Macroeconomics

Peter Bofinger
Exploring Economics, 2021
Niveau: avancé
Perspectives: Économie autrichienne, Économie néoclassique, Économie post-keynésienne
Sujet: (Dé-)croissance, Crises, Travail & soins, Macroéconomie, Microéconomie & marchés, Monnaie & dette, Réflexion sur l'économie
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

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)

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

 

Lecture 1 -  Introduction to the course

 Slides of unit 1


Lecture 2 -  The mechanics of the two core macroeconomic models

a) The (neo-)classical model

b) The Keynesian model

 Slides of unit 2


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

 Slides of unit 3


Lecture 4 - Unemployment and stabilization policies

a) unemployment

b) stabilization policies

 Slides of unit 4


Lecture 5 - Fiscal policy

 Slides of unit 5


Lecture 6 - Inflation

 Slides of unit 6


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

 Slides of unit 7


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

 Slides of unit 8


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

 Slides of unit 9


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

 Slides of unit 10


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

 Slides of unit 11

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

Lecture 1 -  Introduction to the course


Lecture 2 -  The mechanics of the two core macroeconomic models


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


Lecture 4 - Unemployment and 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 models

Go to: European Macroeconomics

This material has been suggested and edited by:

Nous soutenir

Ce projet est le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester ! 

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