[ 971IMM1MOMK22 ] KS Monetary and Macroeconomics

Es ist eine neuere Version 2023W dieser LV im Curriculum Master's programme Social Economics 2023W vorhanden.
Workload Education level Study areas Responsible person Hours per week Coordinating university
6 ECTS M1 - Master's programme 1. year Economics Jochen Güntner 4 hpw Johannes Kepler University Linz
Detailed information
Original study plan Master's programme Economics 2021W
Objectives Students know core theories and research methods in the field of monetary and macroeconomics. They understand how, when, and why to apply these theories and methods to new questions from the relevant field of study.

The course builds on the introductory subjects and courses from the field of macroeconomics in the Bachelor’s degree program Economics and Management (Wirtschaftswissenschaften 2020W). It expands and deepens the theoretical and empirical knowledge and capabilities attained.

Subject Intertemporal optimization, consumption-savings problem of households, firm profit maximization, general equilibrium without and with markets, adjustment costs (real rigidities), the economy with money, sticky prices and wages (nominal rigidities), the New-Keynesian model, monetary policy trade-offs, empirical monetary economics (using vector-autoregressive models)
Criteria for evaluation Exam and homework exercises
Methods Macroeconomics, constrained optimization, multivariate time series econometrics
Language English
Study material David Romer (2018), Advanced Macroeconomics, fifth edition, McGraw-Hill Economics Wickens, Michael (2008), Macroeconomic Theory – A Dynamic General Equilibrium Approach, Princeton University Press
Changing subject? No
On-site course
Maximum number of participants 100
Assignment procedure Assignment according to priority