Lecture Notes Macroeconomics for E&BE Year 1
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Lecture 1: The Great Depression, Aggregate output, composition of GDP, goods market, Equillibrium, alternate interpretation of the goods market
Lecture 2: What is money, money demand, money supply, the IS-LM model
Lecture 3: Great Recession, economic openness, openness in goods markets, exchange rates, fiscal policy in the open economy
Lecture 4: aggregate supply, labour market, price determination, the AS curve
Lecture 5: wage setting and price setting to aggregate supply, the aggregate demand function, monetary policy in the AD-AS model
Lecture 6: the Solow growth model, the role of saving, C/n in steady state, saving and consumption, optimal savings rate, extensions of Solow model
Lecture 7: the Solow model, labour and effective labour, understanding the steady state, technology, required investments in steady state
Guest lecture: Eurocrisis, the role of the European Central Bank, interest rate as policy instrument, ECB,
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