Hans Gersbach: Catalogue data in Spring Semester 2022 |
| Name | Prof. Dr. Hans Gersbach |
| Field | Macroeconomics: Innovation and Policy |
| Address | Makroökonomie, Gersbach ETH Zürich, LEE F 101 Leonhardstrasse 21 8092 Zürich SWITZERLAND |
| Telephone | +41 44 632 82 80 |
| gersbach@kof.ethz.ch | |
| Department | Management, Technology, and Economics |
| Relationship | Full Professor |
| Number | Title | ECTS | Hours | Lecturers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 363-0575-00L | Economic Growth, Cycles and Policy | 3 credits | 2G | H. Gersbach | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | This intermediate course focuses on the core thinking devices and foundations in macroeconomics and monetary economics, and uses these devices to understand economic growth, business cycles, crises as well as how to conduct monetary and fiscal policies and policies to foster the stability of financial and economic systems. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | - Fundamental knowledge about the drivers of economic growth in the short and long run, key macroeconomic variables and observed patterns in developed countries - Comprehensive understanding of core macroeconomic frameworks and thinking devices | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | This intermediate course focuses on the core thinking devices and foundations in macroeconomics and monetary economics, and uses these devices to understand economic growth, business cycles, crises as well as how to conduct monetary and fiscal policies and policies to foster the stability of financial and economic systems. The course is structured in the following way: Part I: Basics - Introduction - IS-LM Model in Closed Economy (Repetition) - Schools of Thought - Consumption and Investment - The Solow Growth Model Part II: Special Themes - Money Holding, Inflation, and Monetary Policy - Crises in Market Economies - IS-LM Model and Open Economy - Theories of exchange rate determination - Technical Appendix | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | Copies of the slides will be made available. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Chapters in Manfred Gärtner (2009), Macroeconomics, Third Edition, Prentice Hall. and selected chapters in other books and/or papers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | It is required that participants have attended the lecture "Principles of Macroeconomics" (363-0565-00L). | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-1153-00L | New Technologies in Banking and Finance | 3 credits | 2V | B. J. Bergmann, P. Cheridito, H. Gersbach, P. Kammerlander, P. Mangold, K. Paterson, J. Teichmann, R. Wattenhofer | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | Technological advances, digitization and the ability to store and process vast amounts of data has changed the landscape of financial services in recent years. This course will unpack these innovations and technologies underlying these transformations and will reflect on the impacts on the financial markets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | After taking this course, students will be able to - Understand recent technological developments in financial services and how they drive transformation - Understand the challenges of this digital transformation when managing financial and non-financial risks - Reflect on the impacts this transformation has on workflows, agile working, project and change management | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | The financial manager of the future is commanding a wide set of skills ranging from a profound understanding of technological advances and a sensible understanding of the impact on workflows and business models. Students with an interest in finance and banking are invited to take the course without explicit theoretical knowledge in financial economics. As the course will cover topics like machine learning, cyber security, distributed computing, and more, an understanding of these technologies is welcomed, however not mandatory. The course will also go beyond technological advances and will also cover management-related contents. The course is divided in sections, each covering different areas and technologies. Students are asked to solve online quizzes and small cases for each section. Invited guest speakers will contribute to the sessions. In addition, separate networking sessions will provide entry opportunities into finance and banking. More information on the speakers and specific session can be found here: https://riskcenter.ethz.ch/education/lectures.html and on the moodle page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | There will lecture slides to each section shared in advanced to each session. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Selected readings and books are presented in each session. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | The course is opened to students from all backgrounds. Some experience with quantitative disciplines such as probability and statistics, however, is useful but not mandatory. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 364-0531-00L | CER-ETH Research Seminar  | 0 credits | 2S | H. Gersbach, A. Bommier, L. Bretschger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | Research Seminar of Center of Economic Research CER-ETH | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | Survey of the currently leading research in economics, especially in the CER-ETH research fields. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | Presentations of current and recent research results in the CER-ETH research fields, usually by international guest speakers. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | Please note the special announcements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 364-0556-00L | Doctoral Workshop: Astute Modelling Prerequisite: Students are expected to attend the course 364-0559-02L "Design of Institutions and Political Economy", before registering for this workshop. | 3 credits | 1G | H. Gersbach | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | In this workshop, we present ongoing research at MIP and discuss the criteria and guidelines for smart modelling of social and economic situations. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | We will learn how to present our own research and improve our modelling skills. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 364-0581-00L | Microeconomics Seminar (ETH/UZH) No enrolment to this course at ETH Zurich. Book the corresponding module directly at UZH as an incoming student. UZH Module Code: 03SMDOEC6089 Mind the enrolment deadlines at UZH: https://www.uzh.ch/cmsssl/en/studies/application/deadlines.html | 0 credits | 2S | H. Gersbach | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | Research Seminar research papers of leading researchers in Microeconomics are presented and discussed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | Research Seminar research papers of leading researchers in Microeconomics are presented and discussed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | Invited Speakers present current research in Microeconomics | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 364-1058-00L | Risk Center Seminar Series | 0 credits | 2S | H. Schernberg, D. Basin, A. Bommier, D. N. Bresch, S. Brusoni, L.‑E. Cederman, P. Cheridito, F. Corman, H. Gersbach, C. Hölscher, K. Paterson, G. Sansavini, D. Sornette, B. Stojadinovic, B. Sudret, J. Teichmann, R. Wattenhofer, U. A. Weidmann, S. Wiemer, M. Zeilinger, R. Zenklusen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | In this series of seminars, invited speakers discuss various topics in the area of risk modelling, governance of complex socio-economic systems, managing risks and crises, and building resilience. Students, PhD students, post-docs, faculty and individuals outside ETH are welcome. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | Participants gain insights in a broad range of risk- and resilience-related topics. They expand their knowledge of the field and deepen their understanding of the complexity of our social, economic and engineered systems. For young researchers in particular, the seminars offer an opportunity to learn academic presentation skills and to network with an interdisciplinary scientific audience. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | Academic presentations from ETH faculty as well as external researchers. Each seminar is followed by a Q&A session and (when permitted) a networking Apéro. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | The sessions are recorded whenever possible and posted on the ETH Risk Center webpage. If available, presentation slides are shared as well. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Each speaker will provide a literature review. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | In most cases, a quantitative background is required. Depending on the topic, field-specific knowledge may be required. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Competencies |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 364-1090-00L | Research Seminar in Contract Theory, Banking and Money (University of Zurich) No enrolment to this course at ETH Zurich. Book the corresponding module directly at UZH as an incoming student. UZH Module Code: 03SMDOEC0786 Mind the enrolment deadlines at UZH: https://www.uzh.ch/cmsssl/en/studies/application/deadlines.html | 3 credits | 2S | H. Gersbach, University lecturers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | Recent developments in the fields of contract theory, finance, banking, money and macroeconomics. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | Understanding recent developments in the fields of contract theory, finance, banking and macroeconomics. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||