Diplomandenseminar

Dozentinnen/Dozenten:

Mishael Milakovic, N.N.

Angaben:

Seminar, 2 SWS

Termine:

Zeit und Ort nach Vereinbarung

Doktorandenseminar

Dozent/in:

Mishael Milakovic

Angaben:

Seminar, 2 SWS

Termine:

Zeit und Ort nach Vereinbarung

V/Ü: Advanced Macroeconomics

Dozent/in:

Mishael Milakovic

Angaben:

Vorlesung, 2 SWS, ECTS: 6, Modulstudium

Termine:

Fr, 16:00 - 18:00, F21/01.37
Einzeltermin am 14.2.2014, 16:00 - 18:00, F21/01.37
ab 25.10.2013

Voraussetzungen / Organisatorisches:

Vorausgesetzte Lehrveranstaltungen: Mikro- und Makroökonomik I und II Empfohlenes Fachsemester: erstes Fachsemester (MA)

Inhalt:

This course deals with a variety of advanced topics in macroeconomic theory, including theories of long-run growth and short-run income fluctuations. A crucial aspect of the course is to move beyond standard texts and introduce students to the possibly most challenging problem facing macroeconomic methodology today: the theory of aggregation. We will consider recent developments in statistical equilibrium theory, which is particularly suitable for studying problems that arise from the aggregation of many agents, and centers around the idea of an equilibrium distribution in economic variables. Ideally, students will conduct their own data exploration exercises, using for instance Mathematica and its curated data sources (or any other statistical/mathematical software and databases) to look for distributional regularities in macroeconomic variables within or across countries. The objective of the course is to equip students with a critical understanding of contemporary macroeconomic theory, and to provide them with a methodological toolkit suitable for understanding the dynamics of complex systems. Lectures are in English.

Empfohlene Literatur:

Selected textbooks: D. Romer, Advanced Macroeconomics, McGraw-Hill, 1998. W. Weidlich, Sociodynamics: A Systematic Approach to Mathematical Modeling in the Social Sciences, Dover, 2000. M. Aoki and H. Yoshikawa, Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes, Cambridge University Press, 2007.

V/Ü: Advanced Macroeconomics: Übung zu Advanced Macroeconomics

Dozent/in:

Mishael Milakovic

Angaben:

Übung, 2 SWS

Termine:

Fr, 18:00 - 20:00, F21/01.37
Einzeltermin am 14.2.2014, 18:00 - 20:00, F21/01.37
ab 22.11.2013

V/Ü: Makroökonomik I

Dozent/in:

Mishael Milakovic

Angaben:

Vorlesung, 2 SWS, ECTS: 6, Modulstudium, Frühstudium

Termine:

Mo, 16:00 - 18:00, F21/01.57

Voraussetzungen / Organisatorisches:

Vorausgesetzte Lehrveranstaltungen: keine Empfohlenes Fachsemester: erstes Fachsemester

Inhalt:

Diese Veranstaltung führt in die Grundmethoden der Makroökonomie ein und zeigt auf, wie diese auf konkrete wirtschaftspolitische Fragestellungen angewendet werden können. Behandelt werden u.a. die wechselseitigen Beziehungen zwischen Güter-, Geld- und Finanzmärkten, die Bestimmungsfaktoren der Arbeitslosigkeit in der kurzen und langen Frist, die Bedeutung der Kapitalakkumulation und des technischen Fortschritts für das Wachstum einer Volkswirtschaft, sowie die Wirkungsweisen verschiedener wirtschaftspolitischer Maßnahmen.

• Die kurze Frist (Güter-, Geld- und Finanzmärkte und das IS-LM Modell),

• Die mittlere Frist (Arbeitsmarkt, AS-AD Modell, Phillipskurve und Inflation)

• Die lange Frist (Wachstum, Aufbau von Kapital und technischer Fortschritt)

Die Studierenden sollen lernen, aktuelle Fragen anhand der verschiedenen Modelle zu analysieren und diese Modelle auf konkrete wirtschaftspolitische Fragestellungen anzuwenden.

Empfohlene Literatur:

Ausgewählte Literatur: O. Blanchard u. G. Illing, Makroökonomie, Pearson, aktuelle Auflage. J. Forster et al., Übungen zur Makroökonomie, Pearson, aktuelle Auflage.

V/Ü: Systemic Risk, Regulation and Stability 1

Dozent/in:

Mishael Milakovic

Angaben:

Vorlesung, 2 SWS, ECTS: 6, Modulstudium

Termine:

Do, 12:00 - 14:00, F21/02.41
Einzeltermin am 10.2.2014, 12:00 - 13:00, F21/02.41

Voraussetzungen / Organisatorisches:

Empfohlene Vorkenntnisse: Mikroökonomik I&II, Methoden der Statistik I & II Für Studierende Master EES nur in Kombination mit Modul MAEES3.2 Empfohlenes Fachsemester: drittes Fachsemester (MA)

Inhalt:

This two-part sequence deals with the risks that emanate from modern financial markets and their regulation. The central question is how these risks, their regulation, and the institutional framework itself can actually contribute to the creation of systemic risk, resulting in historically recurring economy-wide crises. The first course in the sequence takes a closer look at the challenges that monetary policy faces in light of endogenous money creation, which are compounded by the presence of derivative securities that allow for the synthetic replication of traditional bank loans. We will consider whether or how banks off-balance sheet transactions can circumvent the national regulatory and taxation frameworks, and what the implications for the respective national central banks are in their function as so-called lenders of last resort. A second important aspect of this course deals with financial innovation in the syndication of loans or other debt obligations (ABS, MBS, CDO, CLO), and their role in the recent crisis. The main purpose of the course is to familiarize students with the basic notion of synthetic replication in financial markets, and to carefully explain how this replication leads to new challenges for central bank policy and financial regulation. The importance of cheap liquidity in financial crises is emphasized throughout the course. Lectures are in English.

Empfohlene Literatur:

Selected textbooks: P. HOWELLS AND K. BAIN, The Economics of Money, Banking and Finance, Prentice Hall, 2008 (4th edition). F.S. MISHKIN AND S.G. EAKINS, Financial Markets and Institutions, Pearson, 2012 (7th edition). S. NEFTCI, Principles of Financial Engineering, Elsevier AP, 2008 (2nd edition). C.M. REINHART AND K.S. ROGOFF, This Time Is Different, Princeton UP, 2009.