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.
This course will be made available on the Network for Pluralism in Economics YouTube channel on a regular basis.
The course is based on an online course offered at the University of Würzburg. The tutorial will not be made available on YouTube.
- Lecture: every Tuesday, 2-4 pm (s.t.) (CET)
- Tutorials: every Monday, 4-6 pm (c.t.) (CET)
Course duration: 20th of April - 13th of July, 2021
Communication: we offer a Telegram chat for the people taking the course to exchange thoughts and ideas. We will provide some rules for communication in the group. Please only join, if you are taking the course (here).
Exams: we will offer an exam end of July / August. The exam will either be based on multiple choice questions or in an essay format. The certificate of performance worth 3 ECTS is granted by the Network for Pluralism in Econmics and runs under the category of 'accrediation' in the higher education regulation. More info on accreditation here.
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
Unit 8 - Coordinating fiscal policies in 19 countries of the EMU
YouTube video of unit 8
Slides of unit 8
Unit 9 - Specific European Monetary Union topics: optimal currency area
YouTube video of unit 9
Slides of unit 9
Unit 10 - Specific European Monetary Union topics: Next Generation EU & Green Deal
YouTube video of unit 10
Slides of unit 10
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