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40105-01 - Vorlesung: Macroeconomics and Finance 6 KP

Semester Frühjahrsemester 2023
Angebotsmuster Jedes Frühjahrsem.
Dozierende Andreas Freitag (andreas.freitag@unibas.ch)
Lukas Hitz (lukas.hitz@unibas.ch)
Heinz Zimmermann (heinz.zimmermann@unibas.ch, BeurteilerIn)
Inhalt This course will not be taught in-class any more. But the course material will be provided digitally.

This course was part of the curriculum of the master's program according to the old study regulations (before Fall term 2021). Therefore, no in-class lecture will be offered this semester, but primarily the exam. And this is mainly intended for those students who have already attended the lecture in the last semesters and just need the exam.


Course outline Part Macroeconomics:
The largest part of the course Macroeconomics focuses on modern theories of macroeconomic fluctuations. Modern macroeconomics is built explicitly on microeconomic foundations. That is, the modern study and analysis of macroeconomics begins by considering how the microeconomic units, namely consumers and firms, in an economy make their decisions and then considers how the choices of these great many individuals interact with each other to yield economy-wide outcomes. We will also introduce financial markets in our model and discuss intertemporal choices. In the last part of this course, we will focus the long-run by analyzing models of economic growth.

Course outline Part Finance
The lecture provides an overview on some of the key topics of the theory of finance
1) Capital market under certainty: Consumption, investment, economic growth, and interest rates; Fisher separation and economic implications
2) Capital market under uncertainty: Consumption-based pricing, risk aversion, state (SDF) valuation, CAPM, arbitrage pricing with applications to options
3) Corporate financial decisions: Capital structure and cost of capital, Modigliani-Miller, contingent-claim analysis of corporate securities, over- and underinvestment, real options, pecking order theory, payout decisions


Lernziele Course objective:
Introduction to key long-run and short-run issues in macroeconomics
Treatment of key principles of financial economics, in particular related to time and uncertainty, and some corporate finance
Literatur Reading Part Finance (recommended, not required):
Cochrane, J., Asset pricing, Princeton Univ Press, 2005
Lengwiler, Y., Microfoundations of financial economics, Princeton Univ Press, 2006
Niepelt, D., Macroeconomic models, book draft, available online (chapters 3 and 4)
de Matos, J.A., Theoretical foundations of corporate finance, Princeton Univ Press, 2001
Sharpe, W., Investors and markets, Princeton Univ Press, 2008

Readings Part Macroeconomics:
Williamson, Stephen “Macroeconomics”, 6th global edition. (MAIN textbook)
Additional references:
David Romer, Advanced Macroeconomics, 4th ed. 2012.
Olivier Blanchard, Alessia Amighini/Francesco Giavazzi, Macroeconomics – A European Perspective, 2nd.ed. 2014, Chapter 11.

Bemerkungen This course was part of the curriculum of the master's program according to the old study regulations (before Fall term 2021). Therefore, no in-class lecture will be offered this semester, but primarily the exam. And this is mainly intended for those students who have already attended the lecture in the last semesters.

The course material will be provided digitally.

Weblink Weblink to ADAM

 

Teilnahmebedingungen Completed Bachelor in Business and Economics.
This course was part of the curriculum of the master's program according to the old study regulations (before Fall term 2021). Therefore, no in-class lecture will be offered this semester, but primarily the exam. And this is mainly intended for those students who have already attended the lecture in the last semesters.
Anmeldung zur Lehrveranstaltung Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam!
Unterrichtssprache Englisch
Einsatz digitaler Medien Online-Angebot obligatorisch

 

Intervall
Datum 21.02.2023 – 30.05.2023
Zeit Dienstag, 12.15-16.00 Wirtschaftswissenschaftliche Fakultät, Auditorium

This course will not be taught in-class any more. But the course material will be provided digitally.

Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.

Module Grundlagenmodul: Advanced Topics in Economics (Masterstudium: International and Monetary Economics)
Kernmodul: VWL (Masterstudium: Wirtschaftswissenschaften (Studienbeginn vor 01.08.2021)) (Pflicht)
Modul: Kernbereich Wirtschaftswissenschaften (Masterstudium: Sustainable Development)
Modul: Methoden der Wirtschaftswissenschaften (Masterstudium: European Global Studies)
Leistungsüberprüfung Leistungsnachweis
Hinweise zur Leistungsüberprüfung written exam: tbd
An-/Abmeldung zur Leistungsüberprüfung An-/Abmelden: Belegen resp. Stornieren der Belegung via MOnA
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

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