Methodological Competence
- Reflect on the fundamental concepts of macroeconomic analysis in the short, medium and long run and are able to illustrate it in graphic form.
- Explain and interpret the assumptions of neoclassical growth theory.
- Create graphic solutions regarding displacements of the equilibrium on the goods- and money markets.
- Develop and describe the changes in economic equilibrium by means of suitable graphics.
- Analyse different model assumptions for open and closed economies
- Unravel the problems in the measuring and interpretation of economic data.
- Identify similarities and differences in the effects of monetary and fiscal policy in the short and medium run.
- Grasp the mechanism of multipliers.
- Are able to develop and combine approaches for economic control and aggregate demand.
- Choose appropriate models and approaches for the explanation of economic phenomenon.
- Are able to integrate current developments in monetary- and fiscal policy in the overall context of macroeconomics.