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Course module: 30L102-B-6
30L102-B-6
Macroeconomics 1
Course info
Course module30L102-B-6
Credits (ECTS)6
CategoryBA (Bachelor)
Course typeCourse
Language of instructionEnglish
Offered byTilburg University; Tilburg School of Economics and Management; TiSEM: Economics; Economics;
Is part of
B Economics and Business Economics
B Economics
Contact persondr. B.J.A.M. van Groezen
Lecturer(s)
Coordinator course
dr. B.J.A.M. van Groezen
Other course modules lecturer
Lecturer
dr. B.J.A.M. van Groezen
Other course modules lecturer
Lecturer
prof. dr. A.C. Meijdam
Other course modules lecturer
Lecturer
G. Mirzaoglu
Other course modules lecturer
Academic year2019
Starting block
SM 1
Course mode
Full-time
Remarks-
Registration openfrom 19/08/2019 up to and including 24/01/2020 23:59
Aims
After completion of this course the students should understand how microeconomics differs from macroeconomics and they should be familiar with important macroeconomic facts, problems, and basic macroeconomic theories. More specifically, they can:
  • describe, interpret and apply specific macroeconomic concepts,
  • explain the general concept of economic modelling,
  • analyse and interpret important macroeconomic facts, problems, and link them to basic macroeconomic theories,
  • identify which factors determine long term economic growth and how these factors influence that path,
  • calculate, visualize and discuss how macroeconomic policies and shocks affect a closed economy in the short run and the long run,
  • calculate, visualize and discuss how macroeconomic policies and shocks affect an open economy in the long run,
  • solve and discuss macroeconomic problems in a group.
Content
In the first part of the course, the students learn the basic mathematical and graphical tools used for macroeconomic analysis and they learn how macroeconomics relates to microeconomics.

Subsequently, they learn determinants of long-run economic output, average inflation, and structural unemployment, as well as their measurement. Concluding this first part, the students learn some aspects of international economics, such as how exchange rates, capital flows between countries, and the trade balance are affected by policies and shocks.

In the second part of the course the students learn which factors determine long term economic growth and how these factors influence that path. In the final part of the course, recessions and booms are studied, where business cycles are understood as short-run deviations of economic activity around the long-run levels determined in the first part. Students learn how macroeconomic policies and shocks affect economic output, employment and interest rates in the short run.

All parts discuss to what extent governments and central banks can influence the economy using fiscal, monetary and other types of policy.
Timetable information
Macroeconomics 1
Written test opportunities
DescriptionTestBlockOpportunityDate
Written exam (60%) / Written exam (60%)EXAM_01SM 1117-12-2019
Written exam (60%) / Written exam (60%)EXAM_01SM 1224-01-2020
Written test opportunities (HIST)
DescriptionTest/BlockOpportunityDate
Midterm exam (20%) / Midterm exam (20%)MIDTERM_01SM 1118-10-2019
Required materials
Manual
The course syllabus will be published on Canvas before the start of the course.
Literature
-
ISBN:978-1-4641-4177-5
Title:Macroeconomics (European Edition), 2014
Author:N G. Mankiw and M.P. Taylor
Publisher:Worth Publishers
Edition:2
Recommended materials
-
Tests
Team grade (20%)

Written exam (60%)

Final grade

Midterm exam (20%)

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