310002 Dynamische Makroökonomik (V) (WiSe 2025/2026)

This course takes place at the same time as Macroeconomics 1a (319014).

In the process of this course students will get familiar with the principles of intertemporal optimization in the context of optimal consumption and saving choices. They will also learn how the optimal consumption path depends on consumer preferences and market environment. Furthermore, this course will contribute to the understanding of analytical approaches to modeling growth of the key economic indicators. Special attention will be given to the interaction between capital and labour markets and its consequences for unemployment. The models of endogenous growth will be accompanied by the discussion of social welfare and policy implications. Therefore, students will develop the ability to understand and interpret macroeconomic growth models and discuss their strengths, limitations and empirical relevance.