Name of Module Macroeconomics and Globalisation

Name of Module

Macroeconomics and Globalisation

Module Code

MAGL

Module Type

compulsory

Contact-hours Term

ECTSCredits

3

4

Language of Instruction

Modulniveau Total amount of work

Full-Time Study: 6thsemester

English basics

120 hours

Part-Time Study:

Lecturer Responsible Elisabeth Ziegler-Hasiba Lecturer Team

Elisabeth Ziegler-Hasiba

Methods of Teaching and Learning

Teacher-conducted class work, partner work, individual work, class discussions, group work

Aim

Students should get acquainted with the importance of the international economic integration. They should know what factors determine international exchange rates and how foreign events can effect their economy. A further purpose of this lecture is to consider the impacts of monetary and fiscal policy on the exchange rates and net exports. In times of increasing globalization they will have to consider how open economy factors influence the effectiveness of monetary and fiscal policies

Module Target / Learning Objectives (Competencies)

Professional Competencies o inerpret flows of goods and capital between open economies o

construct real exchange rates

o

describe the consequences of fiscal policy in an open economy

o

analyze the macroeconomic impacts of monetary policy in different exchange rate regimes

o

discuss the main issues of increasing globalization

Methodological Competencies: o analyse the effects of fiscal and monetary policies with different macroeconomic models o

express an own opinion with the help of special technics of argumentation

Social Competencies: o present the own opinion with the help of a strict structure of argumentation o

work competently in teams

Self Competencies: o show interest in economic problems o

is willing to tackle our system of values and to cooperate in resolving conflicts

o

develop the ability to engage self-critically in the learning process and to engage in teamwork

a_MAGL_Modulkurzbeschrieb_v200901.doc/29.01.2009

Module Contents

Topics Block I: Openness in Goods and Finacial Markets o

causal relationship between goods and financial markets

Topics Block II: Financial and Monetary Policy in an Open Economy o

equilibrium in the goods and financial markets for an open economy

o

different exchange rate regimes

Topics Block III: The Financial Crisis and its impacts on economies

Module Structure

o

causes of the financial crisis

o

impacts on the swiss economy

Contact Hours (34h = 32 lections plus 2h examination)

Self-study includes: - Teamwork - Preparation of discussions - Preparation of presentations - Homework

Literature

Self-Study (67h) o hoemwork o

preparation of presentations

o

reading

o

Blanchard,O.; Illing, G. (2006).Makroökonomie (4. Auflage), München: Pearson Studium (S. 509 – 635)

o

Contributions of different national and international journals and papers (Economist, Die Volkswirtschaft, NZZ, FAZ u. a.)

Module Rquirements

In accordance with Musterstudienplan

Efficiency Rating/ Certificate Requirements

One written examination (120 minutes))

Anschlussmodul(e)

In accordance with Musterstudienplan

a_MAGL_Modulkurzbeschrieb_v200901.doc/29.01.2009