Universität Wien
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040045 UK Macroeconomics (2017S)

6.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Summary

1 Zessner-Spitzenberg , Moodle
2 Goni-Trafach , Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
Registration information is available for each group.

Groups

Group 1

max. 200 participants
Language: English
LMS: Moodle

Lecturers

Classes (iCal) - next class is marked with N

Tutorium:
MI wtl von 15.03.2017 bis 28.06.2017 11.30-13.00 Ort: Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock;

  • Wednesday 08.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 15.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 15.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 16.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 22.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 22.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 23.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 29.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 29.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 30.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 05.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 05.04. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 06.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 26.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 26.04. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 27.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 03.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 03.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 04.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 10.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 17.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 17.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 18.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 24.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 24.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 31.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 31.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 01.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 07.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 07.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 14.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 14.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 21.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 21.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 22.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 28.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock

Aims, contents and method of the course

The course aims at introducing the students to the basic contents of macroeconomics. By the end of the course, students are expected to have acquired a basic understanding of what factors drive economic growth, what causes business cycle fluctuations, how the financial sector operates, and how nominal and real exchange rates are determined in global markets.

The course consists of five main building blocks:
1. Macroeconomic Accounts
2. Economic Growth
3. Business Cycles
4. Financial Sector
5. Open Economy and Exchange Rates

The lecture comprises 4 hours per week covering mainly theory and examples. There will be an additional tutorial, where practical exercises are discussed.

Assessment and permitted materials

The evaluation consists of following components: midterm exam, final exam and in-class quizzes (all closed-book).

The midterm exam takes place on Wednesday, May 10, 11.30-13.00.
The final exam takes place on Wednesday, June 28, 11.30-13.00.

Reading list

"Macroeconomics: Understanding the Global Economy", by David Miles, Andrew Scott, and Francis Breedon (3rd edition), Wiley. (Chapters 1-7, and 10-20)

Group 2

anrechenbar für BW, 1.Abschnitt, VO+UE, bzw. entsprechendem Teil der Diplomprüfung "Grundzüge der politischen Ökonomie ... " sowie für das Erweiterungscurriulum Volkswirtschaftslehre, Modul "VO Makroökonomie".

max. 200 participants
Language: English
LMS: Moodle

Lecturers

Classes (iCal) - next class is marked with N

Tutorium:
FR wtl von 17.03.2017 bis 28.04.2017 09.45-11.15 Ort: Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß;
FR 05.05.2017 09.45-11.15 Ort: Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock;
FR wtl von 12.05.2017 bis 23.06.2017 09.45-11.15 Ort: Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock;

  • Monday 06.03. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 16.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 17.03. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 20.03. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 23.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 24.03. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 27.03. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 30.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 31.03. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 03.04. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 06.04. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 07.04. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 24.04. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 25.04. 09:45 - 11:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Thursday 27.04. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 28.04. 09:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 04.05. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 05.05. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 12.05. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 15.05. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 18.05. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 19.05. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 22.05. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 26.05. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 29.05. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 01.06. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 01.06. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 02.06. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 08.06. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 09.06. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 12.06. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 16.06. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 19.06. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 22.06. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 23.06. 09:45 - 11:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock

Aims, contents and method of the course

The course aims at introducing the students to the basic contents of macroeconomics. By the end of the course, students are expected to have acquired a basic understanding of what factors drive economic growth, what causes business cycle fluctuations, how the financial sector operates, and how nominal and real exchange rates are determined in global markets.
The course consists of five main building blocks:

1. Macroeconomic Accounts
2. Economic Growth
3. Business Cycles
4. Financial Sector
5. Open Economy and Exchange Rates

Course Textbook: “Macroeconomics: Understanding the Global Economy”, by David Miles, Andrew Scott and Francis Breedon, Third Edition, John Wiley & Sons

Assessment and permitted materials

The evaluation consists of three components:
45% midterm exam
45% final exam
10% 2 quizzes

The minimal requirement for a positive course grade is to achieve 50 points.

Reading list

Course Textbook: “Macroeconomics: Understanding the Global Economy”, by David Miles, Andrew Scott and Francis Breedon, Third Edition, John Wiley & Sons

1. What is Macro and National Accounts

a) What is Macro?
Reference: Course Textbook, Chapter 1

b) National Accounts
Reference: Course Textbook, Chapter 2, excluding 2.5

2. Economic Growth

a) The Wealth of Nations: The Supply Side
Reference: Course Textbook, Chapter 3, only from 3.3 to 3.5 (inclusive)

b) Capital Accumulation and Economic Growth
Reference: Course Textbook, Chapter 4 excluding 4.8

c) Total Factor Productivity, Human Capital and Technology
Reference: Course Textbook, Chapter 5 excluding 5.5

d) Endogenous Growth and Convergence
Reference: Course Textbook, Chapter 6, only from 6.1 to 6.4 (inclusive)

3. Business Cycles

a) Unemployment and the Labour Market
Reference: Course Textbook, Chapter 7 excluding 7.8

b) Consumption
Reference: Course Textbook, Chapter 10, from 10.1 to 10.5 (inclusive)

c) Investment
Reference: Course Textbook, Chapter 10, from 10.8 to 10.11 (inclusive) [note: 10.13 is discussed later, in Stabilization Policy]

d) Business Cycles
Reference: Course Textbook, Chapter 11 (except 11.5 and 11.9)

e) Money and Prices
Reference: Course Textbook, Chapter 12

f) Monetary Policy
Reference: Course Textbook, Chapter 13 [note: 13.2 is discussed later in Stabilization Policy]

g) Fiscal Policy
Reference: Course Textbook, Chapter 14

h) Stabilization Policy
References: Course Textbook, Chapter 15 and for IS-LM model see 10.13 and 13.2

4. Financial Sector (if time permits):

a) Equities and Bonds
Reference: Course Textbook, Chapter 16 (excluding 16.2, 16.5, 16.6, 16.12 and 16.13)

b) Banking Sector
Reference, Course Textbook, Chapter 17, only 17.1 and 17.2

c) Sovereign Debt and Default
Reference: Course Textbook, Chapter 17, only 17.1, 17.2 and 17.3

5. Open Economy and Exchange Rates (if time permits)

a) Real Exchange Rate Determination
Reference: Course Textbook, Chapter 19 (excluding 19.5)

b) Nominal Exchange Rate
Reference: Course Textbook, Chapter 20, only 20.1, 20.2, 20.3, 20.4 and 20.5

Information

Minimum requirements and assessment criteria

In total up to 100 points can be reached. The midterm exam counts for 45 points, the final exam counts for 45 points and the in-class quizzes count for 10 points.

The minimal requirement for a positive course grade is to achieve 50 points.

Examination topics

Association in the course directory

Last modified: Mo 07.09.2020 15:28