Economics II (Makroökonomik)

Module WI000023

This Module is offered by Chair of Public Finance and Industrial Organization (Prof. Frhr. von Weizsäcker).

This module handbook serves to describe contents, learning outcome, methods and examination type as well as linking to current dates for courses and module examination in the respective sections.

Module version of SS 2015 (current)

There are historic module descriptions of this module. A module description is valid until replaced by a newer one.

available module versions
SS 2015WS 2011/2

Basic Information

WI000023 is a semester module in German language at Bachelor’s level und Master’s level which is offered in summer semester.

This Module is included in the following catalogues within the study programs in physics.

  • Catalogue of soft-skill courses
Total workloadContact hoursCredits (ECTS)
180 h 60 h 6 CP

Content, Learning Outcome and Preconditions


This course provides an introduction to basic concepts of macroeconomics. It deals with aggregate economic quantities, such as the level and growth rate of national output, unemployment, and inflation. Among the issues discussed are: How does the sum of individual decisions give rise to aggregate phenomena? What does the Gross Domestic Product stand for, what is it composed of, and how is it distributed? What are the economic mechanisms that lead to unemployment? Why do some countries exhibit high inflation-rates, while others show stable prices? What has caused the income level in some countries to rise fast, while other countries did not manage to overcome poverty?

Learning Outcome

At the end of the module students will be able to understand the composition and distribution of the Gross Domestic Product, the economic mechanisms underlying unemployment, issues regarding money and inflation as well as the wealth differences among nations.



Courses, Learning and Teaching Methods and Literature

Courses and Schedule

VO 2 Volkswirtschaftslehre II (WI000023) Mittwoch, 09:45–11:15
sowie einzelne oder verschobene Termine
UE 2 Übung zur Vorlesung Volkswirtschaftslehre II (WI000023) Termine in Gruppen

Learning and Teaching Methods

The module consists of a lecture as well as an exercise course. The lecture and exercise content will be conveyed to the students by means of a verbal presentation. In the exercise course participants apply the acquired knowledge by solving exercises and implementing case studies. The course aims at encouraging students to independently deliberate the economic problems, which are discussed in the lecture and in the relevant literature.


text books, script, exercises


Mankiw, N.G. (2007): Macroeconomics; 6. Aufl., New York: Worth Publishers. UND Mankiw, N.G. (2003): Makroökonomik; 5. Aufl., Stuttgart: Schäffer-Poeschel.

Module Exam

Description of exams and course work

Students receive credit for the course by passing a multiple choice exam (written, 120 minutes). The examination is designed to assess the participants' capabilities to apply macroeconomic theory in order to discuss and solve problems within limited time and without auxiliary means. Participants should demonstrate their capacity for abstraction (thinking in economic models) and concretization (interpreting and applying the results of the model). The examination questions refer to the content of the lecture and the exercise course.

Exam Repetition

There is a possibility to take the exam in the following semester.

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