731128 Basics in macroeconomics

Semester hours
Lecturer (assistant)
Kniepert, Martin
Offered in
Wintersemester 2021/22
Languages of instruction


Demarcation micro / macroeconomics; National Economics Accounting: Gross domestic product, balance of payments; Commodity Markets: consumption function, investment function, Market Equilibrium with and without state intervention, closed and open economy; Fiscal multipliers; Money Market; IS-LM model; Effects of fiscal and monetary policy; Labour market; General equilibrium; Some Insight into foreign trade, growth and distribution theory.

Previous knowledge expected

Knowledge of microeconomics are beneficial.

Objective (expected results of study and acquired competences)

During this lecture students are familiarised with basic features of macro-economics. Building up on this, the ability is enhanced to judge on preconditions and development options for the overall economy. The role of public and private institution will become recognisable. In this sense, students will be able to draw directly on information from appropriate publications (statistics, reports from national and international organisations, research institutes…). They will thus be able to consider specific situations in this larger context. Private or professional decisions will be seen in this larger context, and can also be communicated as such.
You can find more details like the schedule or information about exams on the course-page in BOKUonline.