Macroeconomics II

Time I: 
Wednesday, 08:30am
Venue I: 
TU, Strasse des 17. Juni 135, room H 0107

This course is divided into two parts:

The first part by Frank Heinemann analyzes how future expected money supply affects the current price level, why money can be written in the utility function and what is required to determine a unique equilibrium with rational expectations. Turning to the foundations of New Keynesian Macroeconomics, we analyze why monopolistic competition leads to an active role for monetary policy, derive the forward looking Phillips curve and study optimal monetary policy.

The second part (starting June 15) of this course deals with search and matching and is taught by Mathias Trabandt from Free University. The syllabus and organizational details about the second part of the course will be published in due course at

Spring 2016
End date of the whole course: 
Wednesday, July 20, 2016 - 10:30am