Macroeconomic Theory and Policy


Faculty of Business Management and Social Sciences


Version 18.0 of 01/25/2022

Code of Module


Modulename (german)

Macroeconomic Theory and Policy

Study Programmes
  • International Management (B.A.)
  • Betriebswirtschaft und Management - WiSo (B.A.)
Level of Module


Mission Statement

Short- to middle-term macroeconomic relations at the national level and possible state interventions.

  1. Introduction
  2. Goods market, production function, labour market
  3. Keynesian Cross
  4. ASAD- or ISLM-Model
  5. Fiscal and monetary policies in theory
  6. Fiscal and monetary policies in praxis
  7. Basic evils: Inflation, deflation and unemployment
Learning Outcomes

Knowledge Broadening
Students who have successfully studied this module know the central macroeconomic questions associated with the supply of goods, production and the labour market as well as the economic policy instrument and target system.
Knowledge Deepening
Students have the knowledge to identify relevant causes of macroeconomic imbalances and to assess the possibilities and limits of state interventions.
Instrumental Skills and Competences
Students are able, to some extend, to assess economic policy proposals theory-based.
Communicative Skills and Competences
Students are able to process economic questions and to present them to third persons in an appropriate manner.
Systemic Skills and Competences
Students are able to use their available economic tools for solutions and to develop case-related approaches on their own.

Mode of Delivery

Lecture with exercises, self-study

Expected Knowledge and/or Competences

Microeconomic Theory and PolicyMath

Responsible of the Module

Skala, Martin

  • Hirata, Johannes
  • Jennes, Geert
  • Mayer, Peter
  • Skala, Martin
  • Trabold, Harald


Concept of Study and Teaching
Workload Dozentengebunden
Std. WorkloadLehrtyp
Workload Dozentenungebunden
Std. WorkloadLehrtyp
Recommended Reading

Skala, M. (2021): Economic Models:********Krugman, Paul; Wells, Robin (latest ed.): Economics, 4. ed.Mankiw, N. Gregory; Taylor, Mark P. (latest ed.): Principles of Economics, 7. ed.********Other entries are given in the lecture.

Graded Exam
  • Two-Hour Written Examination
  • Portfolio exam
Assessment Methods Remark


Examination Requirements

Given in the lecture.


1 Term

Module Frequency

Only Winter Term

Language of Instruction