Module Handbook

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Module WIW-FE-AME-M-7

Advanced Macroeconomics (M, 4.5 LP)

Module Identification

Module Number Module Name CP (Effort)
WIW-FE-AME-M-7 Advanced Macroeconomics 4.5 CP (135 h)

Basedata

CP, Effort 4.5 CP = 135 h
Position of the semester 1 Sem. in WiSe
Level [7] Master (Advanced)
Language [EN] English
Module Manager
Lecturers
Area of study [WIW-FE] Macroeconomics
Reference course of study [WIW-88.21-SG#2009] M.Sc. Business Studies (2009) [2009]
Livecycle-State [NORM] Active

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
3V WIW-FE-AME-K-7
Advanced Macroeconomics
P 45 h 90 h - - PL1 4.5 WiSe
  • About [WIW-FE-AME-K-7]: Title: "Advanced Macroeconomics"; Presence-Time: 45 h; Self-Study: 90 h

Examination achievement PL1

  • Form of examination: oral examination (15-30 Min.)
  • Examination Frequency: each semester

Evaluation of grades

The grade of the module examination is also the module grade.


Contents

The main objective of this course is to develop a dynamical-systems approach to allow for finite planning horizons, non-rational behavior and heterogeneous, interacting agents.

Topics:

  • Basic growth theory
  • One-sector OLG (Overlapping Generations) models
  • Fiscal Policy and Debt
  • Multiperiod OLG models
  • Two-sector OLG models

Competencies / intended learning achievements

  • Understand the interaction of generations in OLG models
  • Model savings and pension systems
  • Compute individual savings decisions
  • Explain the capital formation and analyze its stability
  • Find perfect forecasting rules

Literature

  • Azariadis, C.: Intertemporal Macroeconomics, Cambridge, 1993
  • Barro/Sala-i-Martin: Economic Growth, McGraw-Hill, 1995
  • Blanchard O.J./Fischer S.: Lectures on Macroeconomics, Cambridge, 1998
  • Böhm und Wenzelburger: Lectures on the Theory of Economic Growth, Manuscript 2005
  • De la Croix/Michel: A theory of Economic Growth
  • Romer: Advanced Macroeconomics, McGraw-H
  • Schmitz: Economic Growth and Business Cycles in a Two-Sector Overlapping Generations Model, Tectum Verlag 2008
  • Wickens, M: Macroeconomic Theory, Princeton, 2011

Materials

Script

Requirements for attendance of the module (informal)

None

Requirements for attendance of the module (formal)

None

References to Module / Module Number [WIW-FE-AME-M-7]

Module-Pool Name
[GS-CVT-BS-2022-E-MPOOL-6] Catalog Electives Business Studies and Economics 2022
[WIW-ET-MPOOL-7] Field of Specialization: Economic Theory