Universität Wien
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040154 VO VO Applied Macroeconomics 1 (MA) (2025W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Moodle

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Details

max. 200 participants
Language: English

Examination dates

Lecturers

Classes (iCal) - next class is marked with N

Due to a change in the University’s regulations, we had to reschedule exam dates. These will be:
- 13.11.2025
- 19.12.2025
- 28.01.2025
- 06.05.2026
No exam will be offered on 24.6.2026.

  • Wednesday 01.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 02.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 02.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 08.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.10. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 15.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 16.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 16.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 23.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 24.10. 09:45 - 11:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 27.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 29.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 30.10. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 30.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 05.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 06.11. 09:45 - 11:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 06.11. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

The course covers some core ideas in macroeconomics, with a special focus on the long run. It relates different theories to relevant phenomena, empirical evidence, and policy issues, and puts emphasis on some mathematical methods used in the field, such as dynamic optimisation. Students taking this course will be able to rigorously analyse macroeconomic issues and policies in connection with economic growth, fiscal policy, and investment.

The course is taught on site.

Students lacking the background knowledge below are bound to face serious difficulties in the course. They are strongly advised to catch up with it as soon as possible.

Mathematics: systems of linear equations, derivatives and partial derivatives, rules of differentiation, unconstrained optimisation, optimisation with equality constraints

Macroeconomics: income, unemployment, money, inflation, national accounts, value added, GDP and its components, deflators, nominal and real variables

Microeconomics: utility maximisation, income and substitution effect, demand curve, demand elasticity, elasticity of substitution, profit maximisation, supply curve, cost minimisation, factor demand, perfect and imperfect competition (monopoly), general equilibrium

Probability/statistics: probability, conditional probability, random variable, expected value, variance and covariance

For macroeconomics and microeconomics, any standard undergraduate textbook covers the needed material. The link below suggests literature for mathematics and probability/statistics.

https://econ.univie.ac.at/fileadmin/user_upload/p_bambi/Study/Maths_Stats_update2025.pdf

STUDENTS ARE STRONGLY ADVISED TO TAKE THIS COURSE, KU APPLIED MACROECONOMICS 2, AND THE ASSOCIATED EXERCISE SESSION (UE APPLIED MACROECONOMICS) IN THE SAME SEMESTER.

Assessment and permitted materials

Evaluation is based on a final exam that covers all the material discussed in the course.

For the exam, no materials (electronic devices, notes, books, etc.) are allowed.

Minimum requirements and assessment criteria

Students need to obtain at least an average of 50% to pass this course. 50% - 59% implies a 4; 60% - 69% a 3; 70% - 84% a 2; 85% or above a 1.

Examination topics

All exams are based on the material covered in class as well as all mandatory readings and the problem sets handed out during the course.

Topics: Solow model, dynamic optimisation, overlapping generations model, Ramsey model, endogenous growth, fundamental causes of long-run growth, investment

Reading list

The course is mainly based on David Romer (2018): Advanced Macroeconomics, 5th Edition. A detailed reading list will be provided in the course’s Moodle platform at the beginning of the semester.

Association in the course directory

Last modified: Mo 27.07.2026 09:26