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Economics II - Macroeconomics (Macroeconomics)

Module WI000023

This Module is offered by Associate Professorship of Economics of Innovation (Prof. Hottenrott).

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 WS 2018/9

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

Whether the module’s courses are offered during a specific semester is listed in the section Courses, Learning and Teaching Methods and Literature below.

available module versions
SS 2021WS 2020/1SS 2020WS 2018/9SS 2017SS 2015WS 2011/2

Basic Information

WI000023 is a semester module in German language at Bachelor’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 module provides an introduction to basic concepts of macroeconomics. It covers:
- key institutions of capitalism as an economic system (private property, firms, markets)
- technological change as a trigger for economic growth
- price-taking and competitive markets
- price-setting, rent-seeking and market disequilibuium
- market successes and failures
- markets, contracts and information
- credit, banks and money
- economic fluctuations and unemployment
- unemployment, inflation, fiscal and monetary policy
- technological progress and living standards
- the Great Depression, the golden age of capitalism and the global financial crisis

Learning Outcome

After attending the module, students will able to describe the composition and distribution of the Gross Domestic Product. They can analyze the economic mechanisms underlying unemployment as well as issues regarding monetary policy and inflation. Further, participants will learn to understand the economic crisis and the wealth differences among nations. Students are enabled to think in models and apply mathematical solutions when approaching economic problems.


no specific prerequisites

Courses, Learning and Teaching Methods and Literature

Courses and Schedule

Learning and Teaching Methods

The module consists of a lecture and an exercise course. The lecture content will be delivered in a verbal presentation with the help of slides. Since the foundation of the lecture is a textbook including recent economic history, the teaching is full of real life examples. The content of the lecture is put into practice in the exercise course which applies the theoretical knowledge by basic mathematical calculations and graphical illustrations. Therefore, the module aims at encouraging participants to independently think about economic problems discussed in the lecture and in the current literature. Students are enabled to use the instruments (abstract and model thinking) for operationalizing economic problems and solve them in the conventional, mathematical manner.

This module is also offered at TUM Campus Straubing.



The CORE Project (2016): 'The Economy', in: Azm Premji University, Friends Provident Foundation, HM Treasury, Institute for New Economic Thinking, Open Society Foundations, SciencesPo, UCL (eds.), University College London.

Module Exam

Description of exams and course work

The exam will be an E-test in Moodle without supervision at the end of the term. The test is designed to assess the participants' capabilities to apply macroeconomic theory in order to discuss and solve real world problems of the economy as a whole. Participants should demonstrate their capacity for abstraction (thinking in economic models), concretization (calculating, interpreting and applying the results of the model, mathematical processing as well as graphical illustration.

Exam Repetition

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

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