22-30.030 Elements of Dynamic Macroeconomic Theory

Lehrende: Prof. Dr. Olaf Posch; Hao Weng

Veranstaltungsart: Interaktive Lehrveranstaltung

Anzeige im Stundenplan: Elements Macro

Semesterwochenstunden: 4

Credits: 10,0

Unterrichtssprache: Englisch

Min. | Max. Teilnehmerzahl: - | 45

Kommentare/ Inhalte:
--  Introduction to real dynamic macroeconomic models on an advanced methodological level
--  Selected problems of dynamic macroeconomic theory
--  Economic growth
--  Fiscal politics and business cycle analysis in models of open economies
--  Exchange rate dynamics

Long run vs. short run analysis is properly distinguished. The sensitivity of steady-state results to changes in parameters (comparative statistics) and time paths of adjustment to new steady states (macrodynamics) will be studied.

Lernziel:
This course has two complementary objectives: to be familiar with and understand the most important theoretical macroeconomic relationships, and students will learn the tools and techniques to formulate and solve dynamic models. This module enables students to analyse intertemporal macroeconomic problems for both closed and open economies.

Vorgehen:
Parts of the course will be delivered as a traditional lecture. The methods and techniques which are taught will also be practiced in class. There is an accompanying lecture "Methods of Macroeconomic Analysis", but exercises and practice sessions will also happen in the main lecture. 

Literatur:
The main text used will be Sørensen and Whitta-Jacobsen, Introducing Advanced Macroeconomics, 2nd ed. McGraw-Hill, 2010. 

This text will be supplemented with other literature which is announced during the course.