364-0559-00L  Dynamic Macroeconomics (Doctoral Course)

Semester Spring Semester 2013
Lecturers H. Gersbach
Periodicity semester course
Language of instruction English


Abstract Dynamic models and workhorses in macroeconomics
Objective In this doctoral course, we learn dynamic general equilibrium theory and the basic workhorses in macroeconomics. After the course the participants will be able to speak the Arrow-Debreu and recursive language and apply the frameworks to interesting issues in Growth, Public Finance, Monetary Theory and Banking.
Content 1. Introduction
2. The Arrow-Debreu Approach and Sequential Markets
3. The Neoclassical Growth Model and the Representative Agent Model
4. Mathematical Background
5. Overlapping Generations Models and Models with Heterogenous Agents
6. RA and OLG Models with Uncertainty and Asset Markets
7. Current Research with OLG Models (Banking, Growth Policy, Sustainability)
8. Monetary Theory and Policy
9. Dynamic Political Economy Models