Key words
Macro-economy
Objectives
This course directly follows the introductory course in the first year. In the cours, one underlying model is built, such that an integrated view on macroeconomics is provided. Theory as well as applications are continously used to explain what is happening around the world. As such, students should see macroeconomics as one coherent whole, which can be used to get a better understanding of reality.
Prerequisites
An introcuctory course in economics.
Topics
1. The short run : the goods-market and IS-LM.
2. The medium run : the labour market, aggregate demand and supply, the Philips curve and inflation.
3. The long run : growth, saving, technological progress, productivity.
4. Extensions to an open economy and the role of expectations.
5. Some topics : unemployment, inflation and transition economics.
Teaching Methods
lectures
- exercises
- individual paper
Materials used
Blanchard, O., "Macroeconomics", MIT-press - other text- and/or casebook(s)
Study guidance
Office hours will be anounced at the beginning of the course.
Assessment
closed book written examination - evaluation of paper
Study costs
The price of the handbook is about 40 EURO
Lecturer(s)
Luc VAN OOTEGEM
Language
Dutch
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