Every winter semester
7 Credit points
For information on the duration of the modul, refer to the courses of study in which the module is used.
Non-official translation of the module descriptions. Only the German version is legally binding.
This graduate course on advanced macroeconomics offers an in depth look into contemporary macroeconomic concepts, theoretical and quantitative analysis. Students learn how empirical observations help to discern the validity of different models. Most of the course will be devoted to dynamic macroeconomic analysis close to the research level. Using discrete-time and continuous-time dynamical systems, students are introduced to a number of widely used macroeconomic models, especially the dynamic general equilibrium approach, representative agent economies and overlapping generations modeling. The main goals are to gain a deeper understanding of how modern macroeconomic analysis is conducted and to obtain a thorough understanding of the most prominent model implications and results.
Most of the course will be devoted to dynamic macroeconomic analysis. The course covers models of exogenous and endogenous growth, issues of growth policy, and the analysis of economic fluctuations using the DSGE approach. Students learn how to bring the model to the data. More topics include dynamic aspects of fiscal policy, uncertainty, heterogeneous-agent economies and the causes of inequality. In the last part of the course students learn about the overlapping generations model, altruism and bequests.
Reading material:
Barro, Robert J. and Sala-I-Martin, Xavier (2004), Economic Growth, 2nd ed., MIT Press.
Blanchard, Olivier Jean and Fischer, Stanley (1989), Lectures on Macroeconomics, MIT Press.
Romer, David (2005), Advanced Macroeconomics, 3rd ed., McGraw-Hill.
Ljungqvist, Lars and Sargent, Thomas J. (2004), Recursive Macroeconomic Theory, MIT Press.
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In the second part of the lecture, the competences acquired in the first part (definitions, methods, models, etc.) are significantly incorporated, so that the acquisition of these competences is tested in the midterm.
Module structure: 1 bPr 1
The module examination consists of a portfolio of midterm (seventh / eighth week of classes, in case of blocked course: contents of the first half of the course) and Final (each 90-minute exam, or 20-minute oral exam), such that the grade for the module is awarded by the teacher of the course, a 90 to 180-minute exam or a 15 to 25-minute oral exam.
If a "Portfolio" is offered for retake, it consists of two elements. The first element covers the contents of the first seven/eight weeks of classes/contents or the first half of the course and the other element covers contents from the eighth/ninth week of classes/contents or the second half of the course (each 90-minute exam, or 20-minute oral exam), such that the grade for the module is awarded by the teacher of the course.
| Degree programme | Profile | Recommended start 3 | Duration | Mandatory option 4 |
|---|---|---|---|---|
| Mathematical Economics / Master of Science [FsB vom 28.02.2025] | Mathematics | 1. o. 2. | one semester | Compulsory optional subject |
| Mathematical Economics / Master of Science [FsB vom 28.02.2025] | Economics | 1. o. 2. | one semester | Obligation |
| Mathematical Economics / Master of Science [FsB vom 28.02.2025] | Finance | 1. | one semester | Compulsory optional subject |
| Quantitative Economics / Master of Science [FsB vom 15.02.2013 mit Änderungen vom 01.07.2015 und 31.03.2023] | 1. | one semester | Obligation | |
| Quantitative Economics / Master of Science [FsB vom 15.02.2013 mit Änderungen vom 01.07.2015 und 31.03.2023] | International Track | 1. | one semester | Obligation |
| Mathematical Economics / Master of Science [FsB vom 16.09.2019 mit Änderungen vom 15.11.2022, 01.03.2024 und 10.12.2024] | Mathematics | 1. o. 2. | one semester | Compulsory optional subject |
| Mathematical Economics / Master of Science [FsB vom 16.09.2019 mit Änderungen vom 15.11.2022, 01.03.2024 und 10.12.2024] | Economics | 1. o. 2. | one semester | Obligation |
| Mathematical Economics / Master of Science [FsB vom 16.09.2019 mit Änderungen vom 15.11.2022, 01.03.2024 und 10.12.2024] | Finance | 1. | one semester | Compulsory optional subject |
| Mathematical Economics / Master of Science [FsB vom 15.02.2013 mit Berichtigungen vom 04.11.2013,15.01.2015 und 15.10.2019 und Änderungen vom 15.01.2014, 15.12.2014, 01.04.2016, 15.05.2017, 01.03.2019 und 16.09.2019] | Finance | 1. | one semester | Compulsory optional subject |
| Mathematical Economics / Master of Science [FsB vom 15.02.2013 mit Berichtigungen vom 04.11.2013,15.01.2015 und 15.10.2019 und Änderungen vom 15.01.2014, 15.12.2014, 01.04.2016, 15.05.2017, 01.03.2019 und 16.09.2019] | Mathematics | 1. o. 2. | one semester | Compulsory optional subject |
| Mathematical Economics / Master of Science [FsB vom 15.02.2013 mit Berichtigungen vom 04.11.2013,15.01.2015 und 15.10.2019 und Änderungen vom 15.01.2014, 15.12.2014, 01.04.2016, 15.05.2017, 01.03.2019 und 16.09.2019] | Economics | 1. o. 2. | one semester | Obligation |
The system can perform an automatic check for completeness for this module.