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| Semester | fall semester 2020 |
| Course frequency | Every fall sem. |
| Lecturers | Sarah Lein (sarah.lein@unibas.ch, Assessor) |
| Content | Content: The first part of the Colloquium takes place at the beginning of the semester with an introductory lecture. This lecture outlines the role of microfoundations for modern macroeconomic models. The most important microeconomic rigidities assumed in New-Keynesian type models will be reviewed, in particular price/wage/information rigidities. In the second part of the Colloquium students present and discuss articles related to theoretical models incorporating microeconomic rigidities and related to the empirical literature, which provides evidence on the extent of microeconomic rigidities using micro data. Each participant receives one article, which should be summarized and evaluated in a short paper (7-10 pages max). The paper has to be handed in one week before the presentation. Each paper receives a 45 min slot, which starts with a 20-25 minute presentation of the paper, followed by a 5-10 minute discussion by another student and a 15 minute general discussion. |
| Learning objectives | This course reviews the most recent literature in the field of macroeconomics. Most modern macroeconomic models are microfounded. This course gives an overview of the most important microfoundations and of the empirical research that provides evidence on these microfoundations. We will also evaluate the extent to which microecnomic rigidites are able to explain macroeconomic fluctuations. |
| Bibliography | Reading list in syllabus. |
| Weblink | Weblink on ADAM |
| Course application | 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! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
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No dates available. Please contact the lecturer.
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Specialization Module: Monetary Economics and Financial Markets (Master's Studies: Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | Final grade: Presentation (40%), Discussion (10%), participation in general discussion (20%), seminar paper (30%). |
| Assessment registration/deregistration | Registration: course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |