Advanced Macroeconomics
Level: | 3rd year B.Sc. |
Credits: | 7,5 ECTS / 6 LP (Diplom) |
Weekly hours: | 2 h lecture + 2 h colloquium |
Profile: | B.Sc. in Economics and Business Administration |
Time: | Wednesday, 2 pm - 4 pm |
Place: | HS 21, Kupferbau (Hölderlinstr. 5) |
Exam: | written exam (90 min) |
Prerequisites: | Intermediate Macroeconomics |
The aim of this class is to provide students with up-to-date knowledge of key macroeconomic analytical concepts. This knowledge can serve as a basis for further graduate studies on the topics, and it will also provide the background for applied work of economists in various positions in the private and governmental sector.
Contents:
The lecture Advanced Macroeconomics is based on and continues the material that has been covered in the lecture Intermediate Macroeconomics. It is a basic course in graduate macroeconomics, covering traditional Keynesian theories of economic fluctuations, real business cycle theory, microfoundations of incomplete nominal adjustment, and theories of consumption and investment.
Syllabus:
Chapter I: Traditional Keynesian Theory and New Keynesian Economics.
Chapter II: Real Business Cycle Theory.
Chapter III: European Unemployment - The Evolution of Facts and Ideas.
Chapter IV: Consumption and Investment.
Literature:
The lecture is based on the following textbook: Romer, David (1996). Advanced Macroeconomics. McGraw-Hill.
All course material will be available through ILIAS . The ILIAS-platform for this course will be opened in due course.
The lecture slides for the first lecture can be found here.
