Tiếng Việt


Learning goals

In Macroeconomics students get to know the behavior of the economy as a whole. That means the subject matters are aggregated variables like the GDP, the capacity utilization level, the inflation rate or economic indexes. On the one hand, students should learn the coherences and regularities between macroeconomic quantities and on the other hand the analysis of the role of the state in the middle.


Basic Literature:

  • Burda, M. and C. Wyplosz (2013): Macroeconomics: A European Text, Sixth Edition, Oxford: Oxford University Press.
  • Feenstra, R.C. and A.M. Taylor (2011): International Macroeconomics, Second Edition, London: Palgrave Macmillan.
  • Jones, C.I. (2013): Macroeconomics, Third Edition, London: W.W. Norton.

Background Literature:

  • N.G. Mankiw (2014): Principles of Economics, Seventh Edition, Mason: South-Western Cengage Learning.
  • M. Hoy, J. Livernois, C. McKenna, R. Rees and T. Stengos (2011): Mathematics for Economics, Third Edition, Cambridge (MA): MIT Press.

Course contents

I.   Introduction
II.  Macroeconomic Accounts and Key Macroeconomic Variables
III. The Macroeconomy in the Long Run
IV. The Macroeconomy in the Short Run: Fixed Prices
V.  The Macroeconomy in the Medium Run: Sticky Prices



Prof. Dr. Michael Binder


Mr Nguyen Van Dung

Type of Course:

The module consists of a lecture and an exercise.
Students should be able to present an implementation concept of exercises.

Certification of credits:

Written examination (90 Minutes)