330062 :Macroeconomics

General info

Instruction language English
Type of Instruction This course will no longer be offered in 2010-2011. (No data available yet)
Type of exams Two old style (written) exams will be offered in 2010-2011. (No data available yet)
Course load: ECTS credits


N. Vellekoop


The goal of this course is to introduce students to important macroeconomic facts, problems, and theories.


The first part of the course deals with the determinants of long-run economic output growth, average inflation, and structural unemployment, as well as their measurement. It also introduces the basic mathematical and graphical tools used for macroeconomic analysis and discusses the conceptual differences between micro and macroeconomics.

A shorter section will cover some aspects of international economics, such as exchange rates, capital flows between countries, and the trade balance.

In the second part, the focus is on economic fluctuations in output, employment, interest rates, and the general price level. These recessions and booms (or business cycles) are understood as short-run deviations of economic activity around the long-run levels determined in the first part.

All parts discuss to what extent governments and central banks can influence the economy using fiscal and monetary policies.


Will be given in Unit 3.

The course may use the online assignments that come with the text book.

Compulsory Reading

  1. N. Gregory Mankiw, Macroeconomics, Worth Publishers, 6th edition. For further details: see blackboard.