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EBBA202 – MACROECONOMICS, I & II (10 ECTS)

Unit Information

Course ID
EBBA202
Department
Business and Finance
Campus
Online
Level
Undergraduate
Instructor
TBC (To be confirmed)
Semester
Winter - Term II (Undergraduate)
Credit
10 ECTS
Method
EBU Online Campus
Tuition Fee
Category
Duration
13 weeks
Total Contact Hours
38
Language of Instruction
English
Exam Hours
2
Total Study Hours
230

Unit Information

Overview

This course introduces students to macroeconomics, the study of the economy as a whole. Macroeconomics applies the basic principles of economics to whole economic systems and the relationships among sectors of the economy. Topics include unemployment, inflation, national income and employment theory, government expenditures and taxation, the role of the banking system, and monetary and fiscal policies. The course emphasizes the development of conceptual tools to analyze the economic problems facing modern society.

Course Objectives

The course will cover the determination of income, employment, the price level, interest rates and exchange rates in the economy. The economy will be analysed in the short run (e.g. business cycle and stabilization policy) and in the long run (e.g. economic growth). The insights of Keynesian and classical theories will be integrated. During the course a variety of simple models will be presented. As macroeconomics is an empirical discipline the course will cover case studies and statistical data interpretation. Special attention will be given to current European developments.

Learning content and outcomes

At the completion of the course the student will be able to:

  1. Demonstrate knowledge of macroeconomic concepts by explaining them using appropriate
    terminology
  2. Demonstrate knowledge of macroeconomic theories by analysing their assumptions and differences,
  3. Demonstrate understanding of macroeconomic models by describing relationships among
    macroeconomic variables,
  4. Demonstrate knowledge and understanding of current macroeconomic problems by applying theories
    to concrete cases,
  5. Demonstrate and communicate an understanding of economic Policies,
  6. Demonstrate and communicate an understanding of the European Union as an economic Bloc.

Assessment

55% – Classwork (review questions, homework, essay, and other related activities)
5% – Merits
40% – Final Exam

Bibliography
  • Olivier Blanchard (2017). Macroeconomics, Seventh Edition, Pearson.
  • Krugman and Wells, Eds., Macroeconomics 3 rd. ed, Worth Publishers, 2012


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G.D. of Luxembourg

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ADMINISTRATION OFFICE
Europe Tel. +352 26 95 32 29
(Available on Mon, Wed & Fri from 10am to 4pm CET)
Africa Tel. +254 707 835 194

admin@ebu.lu

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