Macroeconomics I · 9 ECTS
- Semester
- Spring semester
- Workload
- 9 ECTS
- Degree
- OEC
Module overview
The aim of the course is to explain key macroeconomic phenomena. The focus is on the relationship between output, unemployment, and inflation. Why do these variables fluctuate in the short run? How do they evolve in the long run? Which economic policy measures can influence aggregate developments?
Retained from the earlier FVOEC module texts. The current description in the UZH module catalogue is authoritative.
What you will learn
- GDP, inflation, unemployment
- IS–LM and AS–AD
- Monetary and fiscal policy
- Open economy and exchange rates
Tips from a student perspective
FVOEC student experience
- Again, this cannot be stressed enough: there is a good reason this module carries so many credits. Do not underestimate it.
- It helps enormously to write your own summaries. Create one dedicated to graphs with the concepts/derivations behind them, and another with the different calculation procedures.
- Macroeconomics goes much deeper into understanding graphs than microeconomics. Try to interpret calculations and graphs beyond what is explicitly mentioned, especially scenarios not specifically covered. That way you will not be surprised if exactly such questions appear on the exam.
- The total differential appears very often in this module. It is like the Lagrange method in microeconomics. Again: practice until you can do it in your sleep.
- An advantage of macroeconomics is that most topics are covered in videos. Watch the videos before the lecture to get the most benefit.
These notes reflect earlier course editions. Teaching staff, assessments, compulsory coursework, materials, and permitted aids can change.
Established study materials
- Notes, problem sets, past exams
SO22 V2 · HS26
Authoritative module information
Availability, language, teaching staff, and assessment can change. Check the current semester in the UZH module catalogue.