European Macroeconomics

European Macroeconomics
Peter Bofinger
Exploring Economics, 2021
Level: mittel
Perspektiven: Österreichische Schule, Neoklassik, Postkeynesianismus
Thema: (Post-)Wachstum, Krisen, Arbeit & Care, Makroökonomik, Mikroökonomie & Märkte, Geld & Schulden, Reflexion der Ökonomik
Format: Teaching Package

Information on the course

This is a new online course at bachelor level. It presents an introduction into macroeconomics with a specific focus on the euro area. The theoretical part provides a critical presentation of the two key macroeconomic models: the (neo)classical approach and the Keynesian approach. This allows a comparative analysis of important macroeconomic topics:

  • unemployment
  • inflation
  • government debt and Modern Monetary Theory
  • banks and financial crises. 

The policy-oriented part discusses the monetary policy of the ECB and the specific challenges for fiscal policy in the euro area. The course also presents other euro area specific topics: Optimum currency area, euro crises, Next Generation EU and Green New Deal. 

Lecture Plan

  • Lecture 1 -  Introduction to the course
    • Targets of Macroeconomic Policy and the Performance of the Euro Area
    • The debate on the economic loss function
  • Lecture 2 -  The mechanics of the two core macroeconomic models
    • The (neo-)classical model
    • The Keynesian model
  • Lecture 3 - The financial system and banks in the two models
  • Lecture 4 - Unemployment and stabilization policies
    • unemployment
    • stabilization policies
  • Lecture 5 - Fiscal policy
  • Lecture 6 - Inflation
  • Lecture 7 - Monetary policy of the ECB - in theoretical perspective
  • Lecture 8 - Monetary policy of the ECB - in institutional perspective i.
  • Lecture 9 - Monetary policy of the ECB - in institutional perspective ii.
  • Lecture 10 - Fiscal policy in the Euro area: coordinating policies of 19 countries
  • Lecture 11 - The euro crisis - learnings from the different economic model

 

      Accompanying textbook: Fundamentals of Economics. Introduction into the Science of Markets (in German)

Go to book

 

  A critical introduction for students of economics

 A multiparadigmatic textbook, including neoclassical, Austrian and Keynesian economics

A focus on the roots of financial crises & the recent effects of digitization on the financial system

 

Supported by:
  

This course is part of the Plural Certificate Project and is offered regularily by the German Network for Pluralist Economics as a course with ECTS.

 

Lecture 1 -  Introduction to the course

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 2 -  The mechanics of the two core macroeconomic models

a) The (neo-)classical model

b) The Keynesian model

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 3 - The financial system and banks in the two models

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 4 - Unemployment and stabilization policies

a) unemployment

b) stabilization policies

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 7 - Monetary policy of the ECB - in theoretical perspective

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 8 - Monetary policy of the ECB - in institutional perspective i.

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 9 - Monetary policy of the ECB - in institutional perspective ii.

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 10 - Fiscal policy in the Euro area: coordinating policies of 19 countries

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

 

Lecture 11 - The euro crisis - learnings from the different economic models

Accompanying slides

 

 

The entire Youtube playlist of the Lecture Videos can be found here

 

 

Go to: European Macroeconomics

This material has been suggested and edited by:

Samuel Decker
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