6 ECTS credits
161 u studietijd

Aanbieding 1 met studiegidsnummer 1021577BNR voor alle studenten in het 1e semester met een verdiepend bachelor niveau.

Semester
1e semester
Inschrijving onder examencontract
Niet mogelijk
Beoordelingsvoet
Beoordeling (0 tot 20)
2e zittijd mogelijk
Ja
Inschrijvingsvereisten
Students must have taken ‘Introduction to Macroeconomics’, before they can enroll in ‘Intermediate Macroeconomics’
Onderwijstaal
Engels
Faculteit
Faculteit Sociale Wetensch & SolvayBusinessSchool
Verantwoordelijke vakgroep
Toegepaste economie
Onderwijsteam
Ellen Van Droogenbroeck (titularis)
Eduardo Daniel López Vila
Onderdelen en contacturen
26 contacturen Hoorcollege
20 contacturen Werkvormen en Praktische Oef.
20 contacturen Werkvormen en Praktische Oef.
115 contacturen Zelfwerk en -studie
Inhoud

The Intermediate Macroeconomics course teaches how to look at economic problems in a structured way using economic models. In this course, we study how the economy behaves in the long, medium and short term. We also analyze the impact of policy measures and economic shocks within these different time horizons. 
The course shows the relationship between economic growth in the long term, the different views on the supply side over the medium term, and business cycly fluctuations in the short term. We explain economic fluctuations by the interaction between demand components (in a closed and an open economy) and the supply side.
We also stress the role of the government in the economy, especially through the setting of monetary and fiscal policy.

Studiemateriaal
Handboek (Vereist) : Macroeconomics, Mankiw, N. G, 12th, London: Worth Palgrave MacMillan, 9781319466886, 2023
Bijkomende info

Lecture: The lectures serve as a guide to understanding the macroeconomics course, and are thus a support in processing the material covered in the textbook. In the lectures, we cover the main concepts, point out their interrelationships, and teach how to begin thinking independently in a structured way about a particular macroeconomic issue.

Exercise class (WPO): Students process the theory from the lectures independently and review the example exercise(s) that will be posted on Canvas. After this preparation, students will attend the exercise class (WPO) where - under the guidance of the assistant - they will actively work on exercises from the textbook and apply the covered models/concepts to current economic events. Detailed guidelines will be communicated weekly through the learning platform Canvas.

Self study: You will need to spend several hours independently reviewing the relevant textbook chapters and your lecture notes, and preparing for the exercise classes. You will facilitate your selfstudy by actively attending the lectures, and participating in the exercise classes.

The calculation below is indicative and indicates the expected study load:

HOC: 26 hours

  • lectures: 13 x 2 hours

WPO: 20 hours

  • solving exercises in class: 10x2 hours

SELF: 115 hours

  • keeping up with the course throughout the semester: 66 hours
    → study materials, at the rate of 2 hours per week: 13 x 2 hours
    → reading text book, at the rate of 1 hour per week: 13 x 1 hour
    → preparting the exercises, at the rate of 2 hours per week: 13 x 2 hours
    → individual feedback: 1 hour (questions via forum)
  • preparing for the exam: 49 hours
    → study: 48 hours (6 days of 8 hours/day)
    → individual feedback: 1 hour (questions via forum)
Leerresultaten

General Competences

The student will be able to: 

  • distinguish and explain the basic concepts of the economic models. [Know the definition, know how to recognize the concepts, how to calculate them, and how to apply them in a macroeconomic context].
  • understand and explain how the economic models work. [You can explain how the models are set up, what their basic elements are, and how the economic cycle functions in that model].
  • demonstrate a simulation of how the economic models work by setting up a thought experiment under certain scenarios (change in policy, economic shock, etc.).
  • apply the economic models independently to real economic problems.
  • analyze the consequences of certain policy choices by weighing the short- and long-term positive and negative effects
  • analyze and explain examples of economic phenomena in a structured way.

Beoordelingsinformatie

De beoordeling bestaat uit volgende opdrachtcategorieën:
Examen Schriftelijk bepaalt 100% van het eindcijfer

Binnen de categorie Examen Schriftelijk dient men volgende opdrachten af te werken:

  • Schriftelijk Examen met een wegingsfactor 100 en aldus 100% van het totale eindcijfer.

Aanvullende info mbt evaluatie

Not applicable.

Toegestane onvoldoende
Kijk in het aanvullend OER van je faculteit na of een toegestane onvoldoende mogelijk is voor dit opleidingsonderdeel.

Academische context

Deze aanbieding maakt deel uit van de volgende studieplannen:
Bachelor of Business Economics: Startplan Business Economics (enkel aangeboden in het Engels)
Bachelor of Business Economics: Business and Technology (enkel aangeboden in het Engels)
Bachelor of Business Economics: International Business (enkel aangeboden in het Engels)
Voorbereidingsprogramma Master of Science in International Business: Standaard traject (enkel aangeboden in het Engels)
Voorbereidingsprogramma Master of Science in Business Engineering: Business and Technology: Standaard traject (enkel aangeboden in het Engels)