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| Semester | Frühjahrsemester 2017 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Gabriele Camera (gabriele.camera@unibas.ch, BeurteilerIn) |
| Inhalt | Content: This course is intended for students who are considering doing theoretical or empirical research focused on macroeconomics, monetary economics and finance. We will study decentralized trading environments in which exchange is impersonal in the sense that agents may not know each other and may not trust each other. These are environments in which trade is subject to frictions and so it is not easily accomplished without some basic financial institutions. Models of this type have been adopted to study a wide variety of topics in economics, including labor, IO, monetary economics, and finance. The focus in this class will be primarily on applications to monetary economics, but there are many other applications (e.g., cooperation in society, collusion in repeated games, etc.). The experimental segment will emphasize the study of behavioral aspects of monetary systems. Technically, we will apply dynamic programming techniques and techniques from the theory of repeated games to study equilibrium outcomes in environments characterized by informational asymmetries, lack of commitment and/or formal enforcement institutions. The center of attention will be a class of models known as matching models. The course will provide the students with the necessary tools, technical and conceptual, to understand this area of research. We will especially consider the following issues: 1. Supporting intertemporal trade without formal institutions for enforcement and punishment. 2. Endogenous emergence of monetary systems. 3. The design of experimental monetary economies. |
| Lernziele | There are three main goals: 1. To learn basic techniques used in modeling decentralized macroeconomic trading environments; 2. To understand how to design experiments based on these decentralized trading models. 3. To study applications to monetary economics. At the end of the course students will possess a set of tools sufficient to read critically the literature and to engage independent research in the field of monetary theory and experimental economics. |
| Literatur | Literature can be found in the syllabus on the website, here: https://wwz.unibas.ch/makrooekonomie/lehre/abteilung/makrooekonomie/. |
| Bemerkungen | This lecture is simultaneous with the master lecture 33685, for room details please check there. Lecture: Friday 30.6. – Friday 4.7.2017, 14.15-17.00 in room S14 (except on June 30th in room S15) Presentations: 14.7.2017, 8.15-17.00 in room S14, Economics Department |
| Weblink | Weblink |
| Teilnahmebedingungen | Prerequisites: completed Master in Business and Economics or equivalent |
| Anmeldung zur Lehrveranstaltung | Course registration: please enrol in MOnA; |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
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Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Modul Advanced Field Courses (Doktoratsstudium - Wirtschaftswissenschaftliche Fakultät) Modul Fachlich-methodische Weiterbildung (Doktoratsstudium - Wirtschaftswissenschaftliche Fakultät) |
| Leistungsüberprüfung | Semesterendprüfung |
| Hinweise zur Leistungsüberprüfung | Grading: Your grade will be based on: (1) a midterm on TBA July (Friday) and (2) a class presentation of one paper on TBA July. All presentations are in English and must be done in a team of two persons. Each team will have 30 minutes. You should send me your presentation slides before the actual presentation. You will be graded both on the form and the content of the presentation. I will assign papers to each of you unless you have some specific interests, in which case we should talk about what paper you propose to discuss. There is no required text but I will give you typed notes about what we will cover in class. Any student who has a disability that may require some modification of seating, testing or other class requirements should see me after class or during office hours. Working with the Dean of Students, I will ensure that appropriate arrangements are made. |
| 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 |