International Macroeconomics - An American Perspective


Does the American economy have a reset button? In this class, we will ask how economic crises shaped the American development process from the 19th to today. In light of its importance for recent policy debates, the economic instability of the interwar period, culminating in the economic collapse in the Great Depression, will be an area of particular interest. We will also take a closer look at the causes of financial crises, analyze the role of the financial sector in economic development, and discuss the origins of the economic crisis of 2007-2009. Course requirements: the module consists of two parts that must be taken together. Participation in just one of the two courses (GV/HS; V/Ü) is not possible. Preparation of a 3,000 word essay and attendance of the workshop in July is mandatory. Other requirements are active participation and biweekly 1-page response papers to the required readings in the first half of the course. The course will be taught in English. Homework and essays can be written in German or English. Ability and willingness to read English texts is essential in any case. Texts will be made available on Blackboard. Registration: students wishing to participate in this seminar need to register early with the department of economics (R 232, Tel. 838 536 03, If interest exceeds capacity, a preliminary assessment will determine who can participate. All students absolutely need to attend the first session. An electronic copy of all written course work must be send to to be considered fulfilment of the course requirements.