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| Semester | Frühjahrsemester 2020 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Gabriele Camera (gabriele.camera@unibas.ch, BeurteilerIn) |
| Inhalt | Content: This course is intended for graduate students interested in macroeconomics, monetary economics and, more generally, models of decentralized strategic interaction. The lectures are divided into two segments: Theory and Experiments. The theory part will develop a theoretical platform for monetary models and decentralized trading models. This part will focus on models of strategic interaction and Nash equilibrium; these models have been adopted to study a variety of topics including labor, IO, money and finance. This overlap opens the door to exploring related applications, such as cooperation, collusion, trust, equilibrium selection, coordination. The experimental part will focus on discussing laboratory explorations of these class of models. 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 when enforcement and punishment institutions are lacking 2. Endogenous emergence of monetary systems. 3. The design of experimental monetary economies. |
| Lernziele | The main goals are: (1) To review basic techniques used in theoretical modeling of money and decentralized trading models; (2) To study how those models have been brought to the lab, (3) To understand the insights emerging from recent experimental applications. At the end of the course students will possess an expanded set of tools, which will be helpful to read critically the literature and to engage independent research. The student will be able to critically assess (i) how the main theoretical insights in macro/money can be tested in the laboratory and (ii) how new behavioral insights can be gathered from laboratory data. |
| Literatur | Literature can be found in the syllabus on the website, here: https://wwz.unibas.ch/makrooekonomie/lehre/abteilung/makrooekonomie/. |
| Bemerkungen | Lecture: Lectures will cover both theory as well as experiments Individual work: You will submit an individual paper that proposes an extension or an application of the paper surveyed in your presentation Presentations: will take place in class, at the end of the coursework |
| Weblink | Weblink to ADAM |
| Anmeldung zur Lehrveranstaltung | Course registration: please enrol in MOnA; Eucor and exchange students enrol at the Students Services at Petersplatz 1 within the registration deadline. Registration = Admission to the exam. A deregistration is possible by email to Studiendekanat-wwz@unibas.ch until 8 July, 2020. |
| 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 |
Kernmodul: Core Areas in Monetary Economics (Masterstudium: International and Monetary Economics) Vertiefungsmodul: Monetary Economics and Financial Markets (Masterstudium: Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Semesterendprüfung |
| Hinweise zur Leistungsüberprüfung | Grading: Your grade will be based on: (1) a class presentation of one paper to be done in pairs of students and (2) an individual paper that proposes an extension or an application of the paper surveyed. All presentations are in English and must be done in teams of two persons. Each team will have 30 minutes (depending on the class size). Please submit your presentation slides before the presentation. You will be graded both on the clarity and the content of the presentation. I will assign papers to each of you. There is no required text so you will have to take notes about what we will cover in class (I will also give you typed notes). 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 | Anmelden: Belegen; Abmelden: Studiendekanat |
| 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 / WWZ |