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33685-01 - Vorlesung: Experimental Macroeconomics (3 KP)
| Semester | Frühjahrsemester 2025 |
| Angebotsmuster | Jedes 2. 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 | tba |
| Bemerkungen | All students who enrolled on time will receive an email with more information (course material, link for the online meeting etc.) 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 "online", at the end of the coursework |
| Weblink | Weblink to ADAM |
| Anmeldung zur Lehrveranstaltung | 1. Please enrol for the course and the subsequent assignment via this link here https://adam.unibas.ch/goto.php?target=crs_1089747_rcodeX6MzRe3pjZ&client_id=adam from 01.01.25 - 02.02.25. Please make sure that you are already registered for the spring semester and have paid the semester fees. 2. Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the enrolment deadline 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 have access to the enrolment link. 3. A deregistration is possible until 05.02.25 at the latest by email to belegungstorno-wwz@unibas.ch. Please state the course number, title and your matriculation number! 4. Please note that your registration will be entered in your Online Services only after the official deadline of the course registration period, i.e. after 17.03.2025. 5. The following applies to everyone: enrollment = registration for the exam/assignment! In case of non-participation after registration it will be noted as "nicht erschienen" in the transcript. |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
|---|---|---|---|
| täglich | Siehe Einzeltermine | ||
Einzeltermine
| Datum | Zeit | Raum |
|---|---|---|
| Montag 03.02.2025 | 16.15-19.00 Uhr | - Online Präsenz -, -- |
| Dienstag 04.02.2025 | 16.15-19.00 Uhr | - Online Präsenz -, -- |
| Mittwoch 05.02.2025 | 16.15-19.00 Uhr | - Online Präsenz -, -- |
| Donnerstag 06.02.2025 | 16.15-19.00 Uhr | - Online Präsenz -, -- |
| Freitag 07.02.2025 | 16.15-19.00 Uhr | - Online Präsenz -, -- |
| Dienstag 04.03.2025 | 16.15-19.00 Uhr | - Online Präsenz -, -- |
| Module |
Kernmodul: Core Areas in Monetary Economics (Masterstudium: International and Monetary Economics) Modul: Fachlich-methodische Ausbildung (Promotionsfach: Staatswissenschaften) Modul: Fachlich-methodische Weiterbildung (Doktoratsstudium - Wirtschaftswissenschaftliche Fakultät (Studienbeginn vor 01.02.2024)) Modul: Field Electives in Finance and Money (Masterstudium: Finance and Money) Modul: Finance Field: Monetary Economics and Macrofinance (Masterstudium: Finance and Money) |
| Prüfung | Leistungsnachweis |
| Hinweise zur Prüfung | 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). |
| An-/Abmeldung zur Prüfung | An- und Abmelden: Dozierende |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Belegen bei Nichtbestehen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät / WWZ |