30L102 :  Macroeconomics 1 for ECO  
Algemeen
Voertaal 
Engels 
Werkvorm: 
interactive lectures and tutorials (4 hours weekly) 
(Collegerooster) 
Tentamenvorm: 
written exams, assignments and participation during tutorials 
(Tentamenrooster) 
Niveau:  Bachelor 
Studielast:  6 ECTS credits 
Inschrijving:  via Blackboard 
Blackboard informatie  Link to
Blackboard (Als u de melding 'Guest are not allowed in this course' krijgt, dient u nog bij Blackboard in te loggen) 
Doel van de cursus (alleen in het Engels beschikbaar)
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.
Inhoud van de cursus (alleen in het Engels beschikbaar)
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 longrun 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 shortrun deviations of economic activity around the longrun 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. Verplichte literatuur
 N. G. Mankiw and M. P. Taylor, Macroeconomics European Edition, 2nd edition, Worth Publishers, 2014, ISBN 9781464141775.

 All materials covered in class such as lecture notes, case studies, and assignments.
 For further details: see Blackboard. Parts of specific chapters which are excluded may be published on Blackboard.
Verplicht voor

(25aug2017)
