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Name des Moduls [310830] Monetary and Fiscal Policy Bezeichnung des Moduls MW21.3

Studiengang [184] - Wirtschaftswissenschaften ECTS Punkte 6

Arbeitsaufwand für Selbststudium 120 Häufigkeit des Angebotes (Modulturnus) jedes 2. Semester (ab Sommersemester)
Arbeitsaufwand in Präsenzstunden 60 Dauer des Moduls 1
Arbeitsaufwand Summe (Workload) 180    


Prof. Dr. Roland Winkler

Voraussetzung für die Vergabe von Leistungspunkten (Prüfungsform)

The examination consists of two parts: an assignment during the semester and a final written exam. Students do not have to pass the two parts individually. Students will be given numerical scores for the assignment and the exam. The total score will be a weighted average of the scores achieved in the assignment (weight: 30%) and the final exam (weight: 70%). The total score will then be translated into a grade. 

Retake: Students cannot redo the assignment. The points achieved in the assignment (30%) will be combined with the retake exam (70%) only if this improves the final grade. Otherwise, the final grade is based on the retake exam only (100%). 

If the first part of the examination is due within the usual registration period of the examination regulations, the special regulations issued by the examination board apply for the latest possible registration and deregistration before the first partial performance.

Zusätzliche Informationen zum Modul

Contact hours: 60 h (lectures and exercises), self-study including exam preparation: 120 h (including working on the assignment, required time approximately 4 h), final exam in exam period

Empfohlene Literatur

to be announced



Art des Moduls (Pflicht-, Wahlpflicht- oder Wahlmodul)

684 M.Sc. Economics: Pflichtmodul / Wahlpflichtmodul

Zusammensetzung des Moduls / Lehrformen (V, Ü, S, Praktikum, …)

Lecture (2 h per week), Exercise (2 h per week)


This course covers essential topics in monetary economics. The main emphasis is on the relationship between monetary policy, fiscal policy, inflation, and the business cycle. The course introduces students to the modern baseline framework – the New Keynesian model – for understanding the links between monetary and fiscal policy and the aggregate performance of an economy. Recent developments, such as using unconventional policies at the zero lower bound on nominal interest rates, are discussed.

Lern- und Qualifikationsziele

Students can explain and apply the main concepts and insights of monetary economics. They can explain and evaluate monetary and fiscal policy decisions. They can use appropriate, up-to-date methods to understand and analyze problems in the domain of monetary and fiscal policy. They can read, understand and critically evaluate policy-oriented and scientific work. They understand and can critically assess monetary and fiscal policy developments.

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