[ 971IMM1MOMK23 ] KS Monetary and Macroeconomics

Workload Education level Study areas Responsible person Hours per week Coordinating university
3 ECTS M1 - Master's programme 1. year Economics Jochen Güntner 2 hpw Johannes Kepler University Linz
Detailed information
Original study plan Master's programme Economics (Economic Policy Analysis) 2023W
Objectives Students know core theoretical models and research methods in monetary and macroeconomics as well as empirical business cycle facts. 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 introductory subjects and courses in micro- and macroeconomics from the Bachelor program Economics and Management (Wirtschaftswissenschaften 2020W). It expands and deepens the theoretical and empirical knowledge and capabilities attained.

Subject Intertemporal optimization, consumption-saving & labor-leisure choice of a household, firm profit maximization, general equilibrium without & with markets, adjustment costs (real rigidities), economy with money, sticky prices and wages (nominal rigidities), the New-Keynesian model, monetary policy trade-offs
Criteria for evaluation Written final exam, homework assignments
Methods Classroom lectures, homework assignments
Language English
Study material Kurlat, Pablo (2020), A Course in Modern Macroeconomics, Available Online

Wickens, Michael (2008), Macroeconomic Theory – A Dynamic General Equilibrium Approach, Princeton University Press

David Romer (2018), Advanced Macroeconomics, fifth edition, McGraw-Hill Economics

Changing subject? No
On-site course
Maximum number of participants 100
Assignment procedure Assignment according to priority