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41627-01 - Kolloquium: Microeconomic Rigidities in Macroeconomics 3 KP

Semester Herbstsemester 2017
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.
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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
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Intervall Wochentag Zeit Raum

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Module Kernmodul: Core Areas in Monetary Economics (Master International and Monetary Economics)
Vertiefungsmodul Monetary Economics and Financial Markets (Master Wirtschaftswissenschaften)
Leistungsüberprüfung Semesterendprüfung
Hinweise zur Leistungsüberprüfung Final grade: Presentation (40%), Discussion (10%), participation in general discussion (20%), seminar paper (30%).
An-/Abmeldung zur Leistungsüberprüfung Anmeldung: Belegen
Wiederholungsprüfung keine Wiederholungsprüfung
Skala 1-6 0,1
Wiederholtes Belegen beliebig wiederholbar
Zuständige Fakultät Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch
Anbietende Organisationseinheit Wirtschaftswissenschaftliche Fakultät

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