De elektronische studiegids voor het academiejaar 2026 - 2027 is onder voorbehoud.





Macroeconomic policy (1541)
Coordinating lecturer:Prof. dr. Willem VANLAER 

Credits: 6,0
Study load hours: 162
Period: semester 1 (6sp)

Language of instruction: English
Exam contract: not possible

2nd Chance Exam1: Yes
Final grade2: Numerical
Tolerance3: See included in these programmes
Sequentiality
Advising sequentiality bound on the level of programme components
 
 
Group 1
 
  Following programme components are advised to also be included in your study programme up till now.
    Macroeconomics (5216) 6.0 stptn  
 
Or group 2
 
  Following programme components are advised to also be included in your study programme up till now.
    Macroeconomics (3873) 6.0 stptn  
 


Prerequisites

The student must understand basic macroeconomic concepts. This includes the following concepts:

  • Supply and demand
  • Economic growth
  • Unemployment

It is advised for students to have followed the economic current affairs to some extent.


Content

This course consists of 3 parts.
- In the first part, a number of basic concepts are introduced or revisited (e.g. inflation, unemployment, balance of payments), incl. numerical data on key macroeconomic variables for major economies.
- The second part focuses on the pre-crisis consensus model of economic growth. The short-term model and the long-term model are discussed. Finally, macroeconomic policies (supply and demand policies) are studied.
- In the third and final section, we analyze how the recent Global Financial Crisis (GFC) has affected the pre-crisis consensus model. More specifically, the importance of financial stability for economic growth is highlighted.


Organisational and teaching methods
Organisational methods  
Lecture ✔  
Teaching methods  
Discussion/debate ✔  


Evaluation

Semester 1 (6,00sp)

Evaluation method
Written evaluation during teaching period20 %
Transfer of partial marks within the academic yearYes, no resit exam
Paper✔
Oral explanation✔
Written exam80 %
Closed-book ✔

Second examination period

Evaluation second examination opportunity different from first examination opprt
No


Learning outcomes
  EC = learning outcomes      DC = partial outcomes      BC = evaluation criteria  
Bachelor of Business Economics
  •  EC 

    • EC 01: The holder of the degree builds up knowledge autonomously with a view to lifelong learning. (Self-direction and entrepreneurial spirit)

  •  EC 

    • EC 03: The holder of the degree works in a team with a view to a multidisciplinary approach to a business problem. (Teamwork)

     

     

     

  •  EC 

    • EC 05: The holder of the degree communicates in a business context in writing and orally, and if necessary with visual support. (Communication)

  •  EC 

    • EC 11: The holder of the degree takes account of the regional and (inter)national policy and business context when making decisions. (Stakeholder awareness)

  •  EC 

    • EC 13: The holder of the degree is able to take a conceptual and analytical approach to strategic policy issues, drawing on business conceptual frameworks. (Problem-solving capacity)

  •  EC 

    • EC 14: The holder of the degree is able to provide evidential support for an organisation’s strategic policy choices. (Problem-solving capacity)

  •  EC 

    • EC 15: The holder of the degree is able to apply insights from business science and relevant supporting/related disciplines in the analysis of strategic policy issues. (Problem-solving capacity)

  •  EC 

    • EC 17: The holder of the degree is able to identify changing environmental factors that have an impact on an organisation and its policy. (Programme-specific competencies)

 
Bachelor of Business Engineering
  •  EC 

    • EC 01: The holder of the degree builds up knowledge autonomously with a view to lifelong learning. (Self-direction and entrepreneurial spirit)

  •  EC 

    • EC 05: The holder of the degree communicates in a business context in writing and orally, and if necessary with visual support. (Communication)

  •  EC 

    • EC 11: The holder of the degree takes account of the regional and (inter)national policy and business context when making decisions. (Stakeholder awareness)

  •  EC 

    • EC 13: The holder of the degree applies insights from business science and relevant supporting/related disciplines in the analysis of financial and technical business problems. (Problem-solving capacity)

 
Included in these programmesTolerance3
3rd Bachelor of Business Economics Y
3rd Bachelor of Business Engineering choice Y
Bridging Programme Master of Business Economics Y
Exchange Programme Business Economics Y
Preparation Programme Master of Business Economics Y



1   Education, Examination and Legal Position Regulations art.12.2, section 2.
2   Education, Examination and Legal Position Regulations art.15.1, section 3.
3   Education, Examination and Legal Position Regulations art.16.9, section 2.