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33516-01 - Vorlesung: Advanced Macroeconomics: Markets with Frictions (6 KP)
| Semester | Frühjahrsemester 2014 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Gabriele Camera (gabriele.camera@unibas.ch, BeurteilerIn) |
| Inhalt | This course is intended for students who are considering doing theoretical research focused on decentralized trading environments and frictional markets. These markets are used in a wide variety of economics fields, including labor, IO, monetary economics, the economics of payments systems, banking, finance, game theory. Content: We will apply dynamic programming techniques to the study of frictional economies. The main thrust will be the study of the allocations resulting via decentralized anonymous trade, in economies characterized by informational asymmetries, lack of commitment and/or enforcement institutions. The center of attention will be a class of models known as search 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. Existence and characterization of equilibria with random matching. 2. Existence and characterization of equilibria with directed matching. 3. Endogenous price determination by means of bargaining theory. 4. Equilibria based on decentralized punishments schemes. 5. Equilibria based on the exchange of fiat money. |
| Lernziele | Objectives: There are three main goals: 1. To learn several techniques used in modeling and analyzing markets with frictions; 2. To understand how to use the models independently, appreciating their strengths, while being aware of their shortcomings. 3. To study some applications related to monetary economics, labor economics, finance as well as social norms and cooperation. At the end of the course students will possess a set of tools sufficient to read critically the literature and to start independent research in the field. |
| Literatur | Literature: TBA |
| Bemerkungen | exact dates:in general the lecture is in room S14, Economics Department (exception: 25/4 and 17/5 in room S15) 24/3/14, 4.15 -7 pm 25/3/14, 9.15 -12 am 26/3/14, 12.15 -4 pm 27/3/14, 2.15 -4 pm 28/3/14, 12.15 -3 pm 22/4/14, 9.15 -12 am 23/4/14, 12.15 -4 pm 24/4/14, 2.15 -4 pm 25/4/14, 12.15 -3 pm 17/5/14, 9.15 am -7 pm 21/5/14, 9.15 am -7 pm |
| Weblink | Weblink |
| Teilnahmevoraussetzungen | Prerequisites: Completed BA in Business und Economics. |
| 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. A deregistration is possible until March 28th, 2014, 8pm with an Email to the "Studiendekanat" (studiendekanat-wwz@unibas.ch). |
| 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 |
Grundlagenmodul: Advanced Topics in Economics (Master International and Monetary Economics) (Pflicht) Modul Kernbereich Wirtschaftswissenschaften für Fortgeschrittene (Master Sustainable Development) Modul Wahlbereich (Master Wirtschaftswissenschaften) |
| Prüfung | Semesterendprüfung |
| Hinweise zur Prüfung | Notes for the Assessment: Your grade will be based on: (1) a midterm on 25 April (Friday) and (2) a class presentation of one paper on 20 and 21 May. All presentations are in English and must be done in a team of two persons. Each team will have 30 minutes. I will need 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. |
| An-/Abmeldung zur Prüfung | Anmelden: Belegen; Abmelden: Studiendekanat |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Belegen bei Nichtbestehen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Abteilung Monetäre Makroökonomik |