That's  me ;-)

Economics & Statistics

 Winter term 2020/21 - 19 October 2021
Economics II: Macroeconomics and Economic Policy -- Winter Term 2021/22
BIM 3rd semester + International Students

Additional Information: This class takes place in the classroom at Hochschule Bremen. There will be no online streaming nor any recording.
(The tests will be online-tests in AULIS taken by the students in the classroom during class time).

Basic Information

  • 'The assessment is a Learning Portfolio. Please klick here for the Assessment
    Please recall: There will be 6 houses for the house cup (Kahoots) and groupwork in Module exercises and 7-10 teams presenting one chapter / topic.
  • Klick HERE for further information about the presentation
    - please recall that we discussed how to find academic literature last semester: at the library databases like - EconLit, the OECD iLibrary, the Web of Science - also helpful is EconBiz at the ZBW. (VPN needed)!
    - this semester, the evaluation (grade) of the presentation will focus especially on this and on the discussions you start and moderate during or after your presentation.
  • We are going to follow the model of a FLIPPED classroom:
    - the students prepare the topics indicated before
    - in class we are going to talk about questions as well as current applications
      one of which are the teams' presentations
    - aditionally we are going to do exercises that the students (groups) prepare
  • If you want to present an Individual Assessment it has to be proposed not later than 18 December.

Literature

Student Platform Aulis

Preliminary schedule:    (there may be changes to the schedule during the class; the exact dates will be published once the timetable is published)



No
week
date presentation Unit - topics (Preliminary Schedule) Prepare for this session: Material & links
       

Joint Economic Forecasts (english)

 On 14 October 2021 the Joint Economic Forecast Autumn 2021 was published:

Crisis Is Gradually Being Overcome – Align Action with Lower Growth

1
1

20 Oct

 

WHY Economics?
WHY Economic POLICY?
review and new aspects

Review of Mankiw principles 5-7 and 8-10 /
Economic dogmata: Theories - Markets - Governments - People
(recall that you find the texts in the reader
of last semester)

Most important OBJECTIVE(s)

Hierarchy of goals in (social) market economies

 -> Reader Macroeconomics BIM 2021

Annenberg Video @ learners.org:
5. John Maynard Keynes

- Social market economy (explainity® explainer video) and from the KAS
- How useful is economics? -> Nobel Laureate Daniel McFadden
- Why inequality matters | Nobel Laureate Joseph Stiglitz
- A Talk between Joseph E. Stiglitz and Olaf Scholz - Forum New Economy, Berlin September 2020
- Paul Krugman and Joe Stiglitz about models and reality - referring to the Institute of New Economic Thinking

German National Accounting @DeStatis:
- Important economic indicators & publications (links unfortunately killed by Destatis)
- current figures: "GERMAN ECONOMY (previous) quarter"
- National Accounts at a glance (in German: "Wichtige Zusammenhänge im Überblick")

-> Overall economic equilibrium: 50th anniversary of the Magic Square (link unfortunately killed by Destatis)

2
1
-- " --  

Part D: Foundations of Macroeconomics

14 The National Economy:

National Accounting, Concepts

Module exercise / teamwork:

Doughnut Economics (Ways to Think Like a 21st-Century Economist)
- Why it's time for 'Doughnut Economics' | Kate Raworth | TEDx
- www.kateraworth.com/
- Re-Writing (Neo-Liberal) Economics

- Eurostat with National Accounts
- Economic indicators at the OECD
- OECD iLibrary - The OECD's Online Library of Statistical Databases, Books and Periodicals (accessible from the campus net - or via VPN) OECD-report: „How's Life? Measuring Well-being“

- What if the common good was the goal of the economy? | Christian Felber | TEDxVienna (ME s.b.)

3
2
27 Oct (no pres. 14)

14 The National Economy:
National Accounting, Concepts and Critiques of GDP

Maximizing Welfare?
Critiques of GDP


+++ OECD Centre +++
----------------------------------------------
- How's Life? 2020: Measuring Well-being
- How`s Life? -- Germany
- OECD Better Life Index (map)

Human Development Index HDI
United Nations Development Programme

Alternative Economic Approaches

Teamwork (MÜ): Most important objective(s) - and its consequences:

(p)review=
Watch the following screencasts and find more information in the text (book, chapter 14):
- The circular flow of income
- Economic growth and the production possibility curve
- Economic growth and the business cycle

 

 

 

 

- How can countries measure the well-being of their citizens? (TED institute)

"Monitoring economic performance, quality of life and sustainability" by the German Council of Economic Experts in association with the french Council of Economic Analysis - Joint Report 2010 requested by the Franco-German Ministerial Council to Chancellor Mrs. Angela Merkel and french President Nicolas Sarkozy (deutsche Übersetzung: Wirtschaftsleistung, Lebensqualität und Nachhaltigkeit: Ein umfassendes Indikatorensystem). This report (and request) was based on the ...
-> Report of the commission on the measurement of economic performance & social progress 2009
- Joseph Stiglitz - Problems with GDP as an Economic Barometer
- Amartya Sen: Beyond GDP, measures of welfare and sustainability (2/7 ..)

The German Statistical Office (DeStatis) publishes Environmental indicators and also an "Indicator Report - Sustainable Development in Germany".

OECD: "Beyond GDP" Joseph E. STIGLITZ, Jean-Paul FITOUSSIand Martine DURAND

4
2
-- " -- (no pres. 15)

Scientist for Future: Facts + Statements of Scientists + Sketchnotes + Skeptical Science Global Warming & Climate Change Myths + The Consensus Handbook

 

15 Macroeconomic Issues and Analysis: an Overview

Watch the following screencasts and find more information in the text (book, chapter 15):
- Unemployment: Flows into and out of unemployment
- Unemployment: Types of unemployment

 

For Module Exercise:

Economy of the Common Good (ECG)
Watch the video: What if the common good was the goal of the economy? | Christian Felber (TEDxVienna) [up to 12:45]

Read the ECG-text from Reader Macroeconomics BIM 2021 (pages 51 ff)
-> Module Exercise, see below

Warm-up questions ;-)
-> Socrative, waiting for the teacher

 

GapMinder --> Factfulness (the book)
- http://www.gapminder.org/ignorance

- Rosling@Zeitgeist (2007)
- today Google Public Data Explorer

5
3
3 Nov

pres. 16

Test 1
@the end of the Module exercise = 13:00

15 Macroeconomic Issues and Analysis: an Overview

Balance of Payments:
- Current German BoP (German)
- OECD Stats

 

Part E: Macroeconomics
16 Macroeconomics Issues, Debates and Controversies

- Aggregate demand and supply and the price level
- Demand-pull and cost-push inflation
- Exchange rates

German balance of payments in 2019: Please read page 17 and the "Major items of the balance of payments" p. 28

Topics of our first test
• Review of Mankiw principles 5-7
Economic dogmata: Different viewpoints: Neo-Liberal <> Interventionists
Hierarchy of goals in (social) market economies
• Chapter 14: Definitions about GDP, components
   * MC in the presentation
   * Simple calculation of GDP like we did today
Basic ideas of the ECG (Economy of the common good)

- Measuring inflation – the Harmonised Index of Consumer Prices (HICP) (ECB-Video)

YOU are invited to participate: EFA-Symposium 2020

6
3
-- " --  

 

On Nov 11 2020 the Council of Economic Experts published its annual report 2020/21:

Overcoming the Coronavirus Crisis Together;
StrengtheningResilience and Growth

Weitere Infos zum Thema (in German):
- Übersicht: Konjunkturprognosen für Deutschland - Die Vorhersagen der Wirtschaftsschätzer (Tagesschau)
- http://www.tagesschau.de/wirtschaft/jahresgutachten-bundesregierung-101.html

7
4
10 Nov

  pres. 17

16 Macroeconomics Issues, Debates and Controversies

Annenberg Video @ learners.org:
5. John Maynard Keynes

Annenberg Video @ learners.org:
5. John Maynard Keynes
- Data for Consumption Function @Destatis (open "Chain-linked volume data and contributions to growth" at end of page (+ incl. regression)
- Annenberg Video @ learners.org: 5. John Maynard Keynes

Example for the "Multiplier rounds"

8
4
-- " --

 

17 Short-run Macroeconomic Equilibrium
Keynes
' Income-Expenditure Model

- The Keynesian National Income Determination Model: the 45° line (MP4 version)
- The Keynesian National Income Determination Model: The consumption function (MP4 version)
- The Keynesian National Income Determination Model: Withdrawals functions (W = S + T + M) (MP4 version)

-> in the November-Blog I am specifically interested in your opinion about the parts of the learning portfolio: which are good, which might be replaced, do you see alternatives? Please keep in mind that less than 3 parts do not make a lot of sense. Should there be more self-responsibility of the students?

9
5
17 Nov

 *** This class will be ONLINE, Zoom Link will be in AULIS ***

17 Short-run Macroeconomic Equilibrium
Keynes
' Income-Expenditure Model

Fiscal Policy and Balanced Budget Multiplier by Haavelmo (-Theorem)
 

- Equilibrium in the Keynesian National Income Determination Model: (a) W = J (MP4 version)
- Equilibrium in the Keynesian national income determination model: (b) Y = E (MP4 version)
- The Keynesian Multiplier :The withdrawals and injections approach (MP4 version)

 
10
5
-- " --

-- " --

pres. 18

Test 2

Fiscal Policy and Balanced Budget Multiplier by Haavelmo (-Theorem) 

- Deflationary and inflationary gaps (MP4 version)
- Unemployment and inflation in the Keynesian model (MP4 version)

 

 Main Source : European Central Bank ECB, Educational Sources:
- European Monetary Union explained
- The European Centrag Bank (EU Parlament)
- The History of the European Central Bank
- Monetary Policy Instruments (2008)           (TARGET 2 = Trans-European Automated Real-time Gross Settlement Express Transfer System)

11
6
24 Nov

 

18 Money and Interest Rates
-> European Central Bank ECB

- The supply of money: the creation of credit (MP4 version)
- The supply of money curve (MP4 version)
- The demand for money (MP4 version)
- Equilibrium in the money market (MP4 version)

- definitions of monetary aggregates - MFI information - Inflation
- ppt used in class
- leitzinsen.info
12
6
-- " -- pres. 19

18 Money and Interest Rates
-> European Central Bank ECB

   
13
7
1 Dec

pres. 20

18 Money and Interest Rates
-> European Central Bank ECB

 

19 The Relationship between the Money and Goods Markets 

Economic Policy issues
->
Schools of Economic Thought -->

 

Topics of our third test (17 December)

• Chapter 17: Keynesian Economics
  o General idea (provided in the Annenberg video)
  o Idea of the consumption function (understand Caut and MPC)
  o Equilibria in the model including the multiplier (will be discussed next Wednesday)
  o Multiplier (definition, application)
  o Balanced Budget Multiplier

• Types of Economic Policy

• Chapter 18: Money, Banks and Interest rates
  o Topics from ECB-presentation
  o Esp. Monetary policy instruments
  o Inflation target of the ECB / inflation / deflation

... and why not enjoy: Deck the Halls with Macro Follies

14
7

-- " --

Test 3


19 The Relationship between the Money and Goods Markets
IS/LM model
(ch. 19.3; 20.3)

20 Fiscal and Monetary Policy:
IS/LM model
(ch. 19.3; 20.3)

Economic Policy issues
- Fiscal and Monetary Policy in the IS-LM model
- back to
Schools of Economic Thought

- The Liquidity Trap by Roger K. Strickland (YouTube)
- Please read Box 20.2 "Riding a Switchback"

 

Some Videos "Fight of the Century" / Fear the boom and the bust
- "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
- Fight of the Century: Keynes vs. Hayek Round Two
and more information like "The Tale of the Dueling Economists".
Texts of the videos

15
8

8 Dec

pres. 21

 

---- " ----

 

 

21 Aggregate Supply, Unemployment and Inflation

 

22 Long-term Economic Growth

Please watch the relevant videos ("Audio animations") in the textbook resources of our book 

WTO:
- Carbon Pricing (World Bank), Carbon Pricing
- State and Trends of Carbon Pricing 2019
-
Report of the high-level commission on carbon prices

Economy for the Common Good
A Common Standard for a Pluralist World?
International Conference at Hochschule Bremen: Programme
The first university in Germany to create a Common Good Balance

Limits to Growth
Wiki: First edition (1972), 2004 Limits to Growth: The 30-Year Update A synopsis to: Limits to Growth: The 30-Year Update- all by Dennis Meadows and others. Presentation of 2005.
- Talk by Dennis Meadows at the Population Institute (video part 1)
- Talk by Dennis Meadows at the Population Institute (video part 2 - start at 5.50)
 

 

Topics of test 4 (7 January)

• Types of Economic Policy / Schools of Econoomic Thought

• Chapter 18: Money, Banks and Interest rates
  + what is money / functions of money
  o Topics from ECB-presentation
  o Esp. Monetary policy instruments
  o Inflation target of the ECB / inflation / deflation
  + Monetary aggregates (M0, M1, ....)
  + Money creation

16
8

-- " --

pres. 22

pres. 23

Test 4

23 Supply-side Policies  

Please watch the relevant videos ("Audio animations") in the textbook resources of our book 

Simulation Game TopSim Applied Economics
Allocation of teams and roles -> see table below.
Please download, (print) and READ the material available in our AULIS-Group - and in your teams' dropbox directory!

Simulation Game TopSim Applied Economics - Introduction by the lecturer
- each team please select one contact person. I need the mobile phone numbers of these contact persons.

17
9
     15 Dec

pres. 24

IS/LM - a model of the macroeconomy

19 The Relationship between the Money and Goods Markets +
20 Fiscal and Monetary Policy ->
IS/LM model
(chs. (18.4/5), 19.5; 20.4)

  Some Videos "Fight of the Century" / Fear the boom and the bust
- "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
- Fight of the Century: Keynes vs. Hayek Round Two
and more information like "The Tale of the Dueling Economists".
Texts of the videos
18
9
-- " -- pres. 25

------ " -------

Economic Policy issues
- Fiscal and Monetary Policy in the IS/LM model
- back to
Schools of Economic Thought

 


19
10
       22 Dec

 

pres. 26

 

Part F: The World Economy

24 International trade  
25 The Balance of Payments and Exchange Rates 

Workshop on Negotiation skills
(preparation for the simulation game) /
IA game theory

 

Topics of test 5 (21 January)

• Chapter 18: Money, Banks and Interest rates
• The parts of chapters 19 -23 that we discussed in class / presentations
  - discussion questions from presentations
  - 4 macroeconomic markets (parameters, real <> monetary)
  - IS/LM model of Macroeconomic Equilibrium and
      Gov/Central Bank interventions
    Definitions of IS, LM, "What happens if ..." M changes, G changes ...

20
10
-- " --

pres. 27

Test 5

Simulation Game TopSim Applied Economics:

 

 

 

 

 

 

 

Simulation Game TopSim Applied Economics:
Pre-Presentation by teams
- (each team selects one expert for each sector, so that each expert group consists of 6 people NO expert teams ...)
  all teams present their sector
~10 minute presentation to the class about:
o Who are we? Which is our role in the economy? What are our objectives?
o Which decisions need to be made?
o What effects are expected on your own sector?
o What effect do these decisions have for the economy as a whole?

You can (and should!) ask questions about your team's/sectors's topics/decisions (check their office hours or make appointments via email)
- companies: Prof. Dr. Stephan Form, Stephan.Form@hs-bremen.de
- banks: Prof. Dr. Carola Spiecker-Lampe, Carola.Spiecker-Lampe@hs-bremen.de
- CWS, government: Peter Schmidt,
Peter.Schmidt@hs-bremen.de

21
11

12 Jan

HAPPY new Year 2022!

 

26 Global and Regional Interdependence

27 Economic Problems of Developing Countries

  The team grade for the simulation game results from your participation and engagement in the game, which is documented in the final presentation (end of January, see below). As the teams are relatively big, you can divide them so that some team members deliver the pre-presentation in December and others the final presentation in January. All team members that are listed in the ppt of the final presentation will be awarded the points for the simulation game (so if you team decides that you didn't participate enough and doesn't list your name there, you're not awarded any points for the games).
22
11
-- " --

 

Simulation Game TopSim Applied Economics 

1st round (= period 2)

 

You have to be prepared =
- HANDBOOKs available (printed or pdf)
- KNOW your roles and tasks => we can start the negociations soon
- at least one team member has the participant SOFTWARE INSTALLED on her/his computer (Windows!)
- make sure you use the DropBox APP on your computer (locally, not only in web-browser)

Simulation Game TopSim Applied Economics 1st round (= period 2)

23
12
19 Jan   - " -  Analysis  

- Feedback and discussion of results and experiences of the 1st round (= period 2)

Topics of test 6 (4 February)

• The parts of chapters 24 -27 that we discussed in class / presentations
• General topics of the class: Schools of Economic Thought - (Types of) Economic Policy - Measuring Welfare
• Lessons learned from the simulation game up to now

24
12
-- " -- Test 6 Simulation Game TopSim Applied Economics - period 3
  - period 3
25
13
26 Jan  
- " -   Analysis
Debate in The Economist (Feb 2021):
- Fiscal stimulus: Why Joe Biden’s proposed stimulus is too big (-> pdf)
- Public Debt: how much is too much? (9:00 min)
- Feedback and discussion of last rounds
26
13
-- " --   Simulation Game TopSim Applied Economics - period 4
 -> Evaluation: Please participate - period 4
27
14
2 Feb  
- " -   Analysis
 

- Feedback and discussion of last rounds

28
14
-- " --

 

Simulation Game TopSim Applied Economics  

please upload your presentations until Tuesday 16:00 !!

Simulation Game TopSim Applied Economics - Final presentations of teams: (~ 15 min)
- basic results of your sector
- basic results for the economy as a whole
- what did you learn for your sector?
- what did you learn about Economics?
- what are advantages and disadvantages of the simulatioin game TopSim?
- do you recommend to use TopSim in future classes / what should be changed?
- ... (+ your own aspects!)
these questions are not a structure to be followed point after point but aspects that should help you to prepare your concluding presentation containing your "message" about the simulation game.

      further
topics

Review and conclusion
+ YOUR questions

26 Global and Regional Interdependence

27 Economic Problems of Developing Countries

Feedback and Review

Please watch the relevant videos ("Audio animations") in the textbook resources of our book 

Video about economic approaches: "60 Second Adventures in Economics"

Some Videos "Fight of the Century" / Fear the boom and the bust
- "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
- Fight of the Century: Keynes vs. Hayek Round Two
and more information like "The Tale of the Dueling Economists".
Texts of the videos

 

Module exercise (ME): The tasks of the module exercise normally refer to the topics discussed in the last week(s). The numbers refer to the chapter in the textmook (Sloman: "End of chapter questions").
       Parts of the ME will take place doing the Simulation Game TopSim Applied Economics, details will be discussed in class
Houses:

Date:

 


All students

Albatraoz
Bravo
Crucio
Dauerstramm
Echo
Foxtrot
  Simulation Game
Firm 1
Firm 2
Bank 1
Bank 2
Advocacy groups / CWA
Government
 

names of students

Iliane
Jana
Kristina
Leandra
Nanella
Natalia
Sabina
Cihan
Clara
Malin
Melis
Nina
Sandra
Zoe
Melina
Jonathan
Alex
Antonia
Tugce
Alexander
Calvin
Maiko
Mats
Nico
Yasemin
Bentje
Helen
Luisa
Marie
Martha
Paul
Ahmad
Elias
Niklas
Jascha
Laslo

1. week

20 October
(in class)

Recall of Mankiw principles 5-7 and 8-10 (in class) (recall that you find the texts in the reader Economics I)

Teamwork: Most important objective

-> Doughnut Economics (Ways to Think Like a 21st-Century Economist)
- Why it's time for 'Doughnut Economics' | Kate Raworth | TEDx
- www.kateraworth.com/
- Re-Writing (Neo-Liberal) Economics

Work on the ideas of Doughnut Economics

+ discuss the approach in your house-team

+ present and discuss the THREE most important issues from your viewpoint

Combine your analysis with (Mankiws) principles 5-7

Work on the ideas of Doughnut Economics

+ discuss the approach in your house-team

+ present and discuss the THREE most important issues from your viewpoint

Combine your analysis with (Mankiws) principles 5-7

Work on the ideas of Doughnut Economics

+ discuss the approach in your house-team

+ present and discuss the THREE most important issues from your viewpoint

Combine your analysis with (Mankiws) principles 5-7

Work on the ideas of Doughnut Economics

+ discuss the approach in your house-team

+ present and discuss the THREE most important issues from your viewpoint

Combine your analysis with (Mankiws) principles 5-7

Work on the ideas of Doughnut Economics

+ discuss the approach in your house-team

+ present and discuss the THREE most important issues from your viewpoint

Combine your analysis with (Mankiws) principles 5-7

Work on the ideas of Doughnut Economics

+ discuss the approach in your house-team

+ present and discuss the THREE most important issues from your viewpoint

Combine your analysis with (Mankiws) principles 5-7

2nd week
27 October

+ Teamwork IN class about exercises on chapter 14 and basics of economic policy:

Discussion of the "Economy of the Common Good" approach
based on your research.
-> present and discuss the THREE most important issues from your viewpoint
- what are the functions of the CG balance?
- describe some firms, universities and/or commCG balances

What if the common good was the goal of the economy? | Christian Felber (TEDxVienna) [up to 12:45]

Text from our
Reader Macroeconomics BIM 2021 (pages 51 ff)

Discussion of the "Economy of the Common Good" approach
based on your research.
-> present and discuss the THREE most important issues from your viewpoint
- what are the functions of the CG balance?
- describe some firms, universities and/or commCG balances

What if the common good was the goal of the economy? | Christian Felber (TEDxVienna) [up to 12:45]

Text from our
Reader Macroeconomics BIM 2021 (pages 51 ff)

Presentation of another alternative approach of Economics Presentation of another alternative approach of Economics

Climate change and economic development.
e.g.:
- carbon taxes: how they work + their impact
- ideas of scientists / fridays / Economists ... for future

Climate change and economic development.
e.g.:
- carbon taxes: how they work + their impact
- ideas of scientists / fridays / Economists ... for future

03 November

Critiques of GDP - Measuring Sustainable Development

(See also the Joint Report for the
Franco-German Ministerial Council: "Monitoring economic performance,
quality of life and sustainability
"), esp. the dashboard on p. 27

In the Report of the "Stiglitz-Sen-Fitoussi commission" on the "Measurement of economic performance and social progress" (2009) the authors deliver 12 recommendations. Each team is requested to present a brief (~ 5-7 min.) summary of two recommendations -------->

In the Executive summary (p.7-18) each recommendation is described in one paragraph but you are also invited to refer to the more detailed part of the report or/and other sources.

Recommendations 1 and 2

Recommendations 3 and 4 Recommendations 5 and 6 Recommendations 7 and 8
Recommendations 9 and 10
Recommendations 11 and 12
 

Teamwork about the Joint Economic Forecast Autumn that was published on 14 October 2021

Press release with Summary with Key Forecast Figures

Inflation

Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes)

Europe

Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes)

Employment

Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes)

International issues

Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes)

Growth

Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes)

Global Economy

Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes)

   
 15-1
15-2
15-3
15-4
15-5
15-7
 

The Council of Economic Experts delivered the annual report 2021/22 to the German government --Towards a Forward-Looking Economic Policy"

Please read the Executive summary of the Annual Report 2021/22

What are the three most important messages?
Do you agree?

Important results domestic economy

What are the three most important messages?
Do you agree?

Monetary policy

What are the three most important messages?
Do you agree?

Euro Area

What are the three most important messages?
Do you agree?

Globalisation

What are the three most important messages?
Do you agree?

Greenhouse gas reduction

What are the three most important messages?
Do you agree?

Demography, structural change and the labourforce

 

ALL teams please prepare EoC-question 1 (ch 17) = letters ->

+ search the current conditions of the ECB: Main refinancing instrument, standing facilities, minimum reserve

(a)

2

(b and c)

3

(d)

3

(e)

4

(f)

5

(g)

7

  Have a look at this exam (I'm aware that you don't know task 1 yet, nor 3-2 and 3-3 -- and of course your test will still only be 30 minutes) task 2 but using:
C = 1000 + 0.8 Y
 task 2 but using:
C = 2000 + 0.9 Y
 3.1 (own research)  4.2 in your own words (and perhaps some own research), don't use my ppt, we all know that.  4.4 in your own words (and perhaps some own research)  4.1 (own research)
 

All Teams please perform a regression analysis for the consumption function for ...
(You might find data sources at the Statistische Bundesamt, ECB, IMF, ... There are also some links below)

... the USA

... France

... Germany

... England (/ GB)

... Ireland

... Spain

 

EoC-question chapter 18

           
 

EoC-question chapter 20

We might do tasks together in class: MacroExamSoSe10.pdf

Pre-Presentation by teams or experts -
Simulation Game TopSim Applied Economics
 Pre-Presentation by teams or experts -
Simulation Game TopSim Applied Economics
 Pre-Presentation by teams or experts -
Simulation Game TopSim Applied Economics
 Pre-Presentation by teams or experts -
Simulation Game TopSim Applied Economics
 Pre-Presentation by teams or experts -
Simulation Game TopSim Applied Economics
 Pre-Presentation by teams or experts -
Simulation Game TopSim Applied Economics
Jan/Feb 2021 Simulation Game TopSim Applied Economics - Presentations by the teams we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise
 

Simulation Game TopSim Applied Economics

we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise we'll play the simulation game during class time and in the module exercise
  Simulation Game - Final Presentation
Final Presentation
Final Presentation
Final Presentation
Final Presentation
Final Presentation
Final Presentation

 

Top

Final Test 2019 (40 minutes.- might incl. MC questions)
- topics as discussed last week (Contents_of7th_edition.doc -> Macro)
To prepare you might want to work on the tasks for the Module Exercises as well as the "Test your Knowledge" of the chapters on
http://media.pearsoncmg.com/intl/ema/ema_uk_he_sloman_econ_7e/pages/textbook_resources_index.htm

- example from 2015/16 (30 minutes - recall that ours is 40 minutes)

Data Sources:

Links:

 Quotations form the book of Thomas Friedman: "The World is flat":
- For some, particularly among the older generations, this was an unwelcome transformation. Communism was a great system for making everyone equally poor. In fact, there was no better system in the world for that than Communism. Capitalism made people unequally rich, and for some who were used to the plodding, limited, but secure Socialist lifestyle--where a job, a house, an education, and a pension were all guaranteed, even if they were meager--the fall of the Berlin wall was deeply unsettling. (p. 51/52)
- ... to some degree Mikhail Gorbachev's hapless efforts to reform something that was unreformable brought communism to an end. But if I had to point to one factor as first among equals, it was the information revolution that began in the early- to mid-1980s. Totalitarian systems depend on a monopoly of information and force, and too much information started to slip through the Iron Curtain, thanks to the spread of fax machines, telephones, and other modern tools of communication. (p 54)

 Interesting Economics-related links (arranged by Christopher Langelage - in memoriam)

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