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| Semester | Frühjahrsemester 2024 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Sarah Lein (sarah.lein@unibas.ch, BeurteilerIn) |
| Inhalt | The course "Advanced Macroeconomics" focuses on modern theories of macroeconomic fluctuations. It is built explicitly on microeconomic foundations, by considering the decision making process of the microeconomic agents, namely firms and households. These microeconomic units are then aggregated to study their interactions and macroeconomic outcomes. After a preliminary introduction to the Solow model in continuous time, which focuses mainly on long-term growth and production, we will develop a simple Ramsey model that also considers household consumption/saving decisions. To delve into business cycle dynamics and transition to short-run macroeconomics, we will then explore the so-called RBC model. In this model, we introduce stochastic elements, and agents face uncertainty about the future. We will also scrutinize two crucial components of aggregate demand in these "real" models, namely consumption and investment. In the following lecture block, we will introduce nominal rigidities, i.e., sticky prices, into the RBC model. This extension will enable us to examine, for example, monetary policy. Throughout the course, there will be exercise sessions designed to familiarize students with the practical applications of these models. This approach will allow them to build a foundational set of models that they can later use to explore more specific research questions. This lecture aims to equip students with an initial toolbox for modern macroeconomic analysis. Note: for students interested largely in long-run macroeconomics: more detailed and advanced long-run models are covered in 67962 «Long-run Macroeconomics: Growth theories» (R. Stelter). |
| Lernziele | This course provides students with the technical toolbox to study modern macroeconomic models and to conduct simple policy evaluations. |
| Literatur | Textbook D. Romer, Advanced Macroeconomics, 5th edition. Additional literature will be announced in class (syllabus). |
| Teilnahmebedingungen | While there are no formal prerequisites, it is strongly recommended that students take 18545-01 Advanced Mathematics for Economists before the course. |
| Anmeldung zur Lehrveranstaltung | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
|---|---|---|---|
| wöchentlich | Montag | 14.15-18.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Module |
Grundlagenmodul: Advanced Topics in Economics (Masterstudium: International and Monetary Economics) Modul: Core Courses in Business and Economics (Masterstudium: Wirtschaftswissenschaften) Modul: Core Courses in Economics (Masterstudium: Wirtschaftswissenschaften) Modul: Field Electives in Economics and Public Policy (Masterstudium: Economics and Public Policy) Modul: Kernbereich Wirtschaftswissenschaften (Masterstudium: Sustainable Development) Modul: Methoden der Wirtschaftswissenschaften (Masterstudium: European Global Studies) Modul: Specific Electives in Business and Economics (Masterstudium: Wirtschaftswissenschaften) Modul: Specific Electives in Economics (Masterstudium: Wirtschaftswissenschaften) Modul: Specific Electives in International Business, Trade and the Environment (Masterstudium: Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Leistungsnachweis |
| Hinweise zur Leistungsüberprüfung | Final exam (85%) and midterm quiz (15%). Final exam: 12.06.24; 10:15-11:45. You can still withdraw from the examination by submitting a completed, signed form to our office from march 26 until april 5 / 12:00 o’clock. The deregistration form and the mail address can be found on the homepage of the Dean of Studies Office: https://wwz.unibas.ch/en/studies/examinations/de-/registration-of-examinations/ Prior to march 25, please deregister only in the Online Services. |
| An-/Abmeldung zur Leistungsüberprüfung | Anm.: Belegen Lehrveranstaltung; Abm.: stornieren |
| 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 |