Macro-economics and Policy


Course Objective

You can identify strengths and limitations of academic research on the
macroeconomic effects of fiscal policies.

You demonstrate empirical and theoretical knowledge concerning the
macroeconomic effects of fiscal policies.

You can provide an analysis of the macroeconomic consequences of a
real-world fiscal policy proposal based on existing theoretical and
empirical academic findings.

You can professionally present your analysis of a real-world fiscal
policy proposal to policy makers.

You can develop and defend a position on a real-world fiscal policy
proposal based on its social implications.

You can describe what you would like to understand better about the
macroeconomic effects of fiscal policies.

Course Content

In recent years, policy makers in Europe and around the world have been
confronted with decisions about fiscal policy that raise important
question. Was fiscal austerity necessary or misguided? Is fiscal
stimulus actually effective in recessions? Are current levels of
government to high or is this the time for more public investment? Do
tax cuts boost growth? What policy makers believe the answer to these
questions to be will shape macroeconomic policy in the future, and
become especially critical when the next recession strikes.

In this course we will put ourselves in the shoes of policy consultants.
We will start by reflecting on what you have already learned about these
questions in your previous courses. We will then dig more deeply into
the existing empirical and theoretical research by macroeconomists
relevant for these questions, reflect on how convincing this research
is, and use these findings from this research to analyze the likely
consequences of a current real-world policy proposal.

Teaching Methods

The course uses mixes a flipped classroom approach with traditional
lectures. We provide readings, videos, exercises and writing
assignments which you use to prepare for class meetings. Class meetings
are a mixture of lectures, interactive activities, and discussions.

Method of Assessment

Two written tests (25% each)
Individual Assignments (Problems Sets and Essays) (25%)
Team project (25%)

Entry Requirements



There is no required textbook for this course. We provide extensive
notes and videos and assign additional readings from newspapers and
magazines, blogs, and academic journals.

Target Audience

Second year PPE students.

Additional Information

Please note that participation in the seminars is mandatory.

Custom Course Registration

There is a slightly different enrollment procedure for this module. The standard procedure of the Faculty of Humanities has students sign up for (i) the module, (ii) the form of tuition (lecture and/or preferred seminar group), and (iii) the exam. However, for this module the instructor will assign the students to the seminar groups. Therefore, students should sign up for (i) the module, (ii) lecture and (iii) the exam, but not for the seminar groups.

Recommended background knowledge

Mandatory courses PPE specialization Track 2: Economics

General Information

Course Code W_JSM_206
Credits 6 EC
Period P2
Course Level 200
Language of Tuition English
Faculty Faculty of Humanities
Course Coordinator dr. B.A. Brugemann
Examiner dr. B.A. Brugemann
Teaching Staff dr. B.A. Brugemann

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Seminar*

*You cannot select a group yourself for this teaching method, you will be placed in a group.

Target audiences

This course is also available as: