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| 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.
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| 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
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| Criteria for evaluation |
Written final exam, homework assignments
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| Methods |
Classroom lectures, homework assignments
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| 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
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| Changing subject? |
No |
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