Duration
30h Th, 15h Pr
Number of credits
| Bachelor in law | 3 crédits |
Lecturer
Language(s) of instruction
German language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
A. Foundations of Macroeconomics
1 National Income Accounting: Measuring national income
2 National Income Accounting: Measuring cost of living
3 Production and Growth
4 Consumption, Savings and Investment
5 Basics of Monetary policy
Learning outcomes of the learning unit
In macroeconomics students learn to understand current economic policy discussions. They are able to analyze current macroeconomic problems and can derive adequate policy strategies. Students can assess the repercussions of both monetary and fiscal policy measures on the business environment and the business sector. They are able to decide which theory covers a given economic theory best.
Prerequisite knowledge and skills
Microececonomics
Planned learning activities and teaching methods
Straight lessons during the lectures (2h). Exercise sessions (2h each) in small groups of students (mandatory presence in the group assigned to the student is checked). Exercises illustrate the various chapters of the course by simple numerical examples, thus giving a better understanding of the matter.
Mode of delivery (face-to-face ; distance-learning)
Face-to-face
Recommended or required readings
Mankiw, N. G./ M.P. Taylor (2018), Grundzüge der Volkswirtschaftslehre, 7th edition, Stuttgart (Schäffer-Poeschel)
Assessment methods and criteria
Economics is a matter to judge the ability to analyse and apply a rigorous approach to problems. During the examination shall both master the tools necessary to an understanding of the economic mechanisms and be able to think quickly and speak clearly. The answers to the questions must be formulated and rigorously justified. The final score reflects a general assessment of the qualities of the student according to different information the teacher provides to run tests constituting the exam. Proper knowledge of all the material is required to obtain a score of at least the satisfaction. Conversely , deficiencies in a significant part of the course will lead to a note of weakness or failure. Written examination (60 minutes) at the end of the second term (June), oral exam at the end of the third term (August).
Work placement(s)
Organizational remarks
Contacts
Markus Fredebeul-Krein
M.Fredebeul@ulg.ac.be
or
fredebeul-krein@fh-aachen.de
Mob. +49 170 8525507
Items online
course material
course material can be found under