Übung B zu Advanced Macroeconomics

Dozent/in:

Stefan Dürmeier

Angaben:

Übung, 2 SWS

Termine:

Mi, 10:00 - 12:00, F21/03.03
ab 4.5.2022

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i) developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policy-making, in particular regarding the proper design of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth. The second part of the course deals in more detail with several macroeconomic models based on intertemporal optimization along the New Neoclassical Consensus approach. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.