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41627-01 - Kolloquium: Microeconomic Rigidities in Macroeconomics (3 KP)
| Semester | Herbstsemester 2016 |
| Angebotsmuster | Jedes Herbstsemester |
| Dozierende | Sarah Lein (sarah.lein@unibas.ch, BeurteilerIn) |
| Inhalt | Content: The first part of the Colloquium takes place at the beginning of the semester with an introductory lecture. This lecture outlines the role of microfoundations for modern macroeconomic models. The most important microeconomic rigidities assumed in New-Keynesian type models will be reviewed, in particular price/wage/information rigidities. In the second part of the Colloquium students present and discuss articles related to theoretical models incorporating microeconomic rigidities and related to the empirical literature, which provides evidence on the extent of microeconomic rigidities using micro data. Each participant receives one article, which should be summarized and evaluated in a short paper (7-10 pages max). The paper has to be handed in one week before the presentation. Each paper receives a 45 min slot, which starts with a 20-25 minute presentation of the paper, followed by a 5-10 minute discussion by another student and a 15 minute general discussion. |
| Lernziele | Most modern macroeconomic models are microfounded. This course gives an overview of the most important microfoundations and of the empirical research that provides evidence on these microfoundations. We will also evaluate the extent to which microecnomic rigidites are able to explain macroeconomic fluctuations. |
| Literatur | Gali, Jordi (2015), Monetary Policy, Inflation, and the Business Cycle. Princeton University Press. Walsh, Carl. (2010), Monetary Theory and Policy. MIT Press. |
| Bemerkungen | The first part of the lecture 41628 Current Issues in Monetary Policy (which is taught between Sept 19 and Sept 29, 2016) is an ideal preparation for this kolloquium. However, it is not compulsory. |
| Weblink | Weblink on ADAM |
| Anmeldung zur Lehrveranstaltung | Registration: Please enrol in MOnA. EUCOR-Students have to enrol at the students administration office (studsek@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| HörerInnen willkommen |
| Intervall | Wochentag | Zeit | Raum |
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Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Kernmodul: Core Areas in Monetary Economics (Master International and Monetary Economics) Vertiefungsmodul Monetary Economics and Financial Markets (Master Wirtschaftswissenschaften) |
| Prüfung | Semesterendprüfung |
| Hinweise zur Prüfung | Final grade: Presentation (40%), Discussion (10%), participation in general discussion (20%), seminar paper (30%). |
| An-/Abmeldung zur Prüfung | Anmeldung: Belegen |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Belegen bei Nichtbestehen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät |