Universität Wien

040021 KU Current Topics in Macroeconomic Policy (MA) (2023S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 25 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Mittwoch 01.03. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 02.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 08.03. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 09.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 15.03. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 16.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 22.03. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 23.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 29.03. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 30.03. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 19.04. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 20.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 26.04. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 27.04. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 03.05. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 04.05. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 10.05. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 11.05. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 17.05. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 24.05. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 25.05. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 31.05. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 01.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 07.06. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 14.06. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 15.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 21.06. 15:00 - 16:30 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Donnerstag 22.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 28.06. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 29.06. 11:30 - 13:00 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course will be in cooperation with the Austrian National Bank (Österreichische Nationalbank, OeNB).

Aim of the Course:
The aim of this course is that students learn how to answer current policy-relevant topics in the area of macroeconomics using microeconomic data. Accounting for household heterogeneity has become increasingly important in the evaluation of macro-stabilization policies and their potential redistributive effects. In this course, students will use detailed microeconomic data to empirically document household heterogeneity across a variety of dimensions (for example, across income, wealth, gender, employment status, etc.). They will independently analyze the role of heterogeneity for a wide range of topics relevant to macro-stabilization policies, such as households’ savings behavior, the distribution of marginal propensities to consume (MPCs), households’ balance sheets, financial distress, and indebtedness.

Course Structure:
The course will be structured in two parts. First, there will be an introduction to core topics and methodologies. Students will learn about basic consumption theory (precautionary savings, borrowing constraints, the role of MPCs), the determinants for the effectiveness of fiscal stimuli (e.g. the role of (wealthy) hand-to-mouth consumers), and why households’ portfolios matter for the transmission of monetary policy.
In the second part, students will work in groups on assigned seminar topics. They will use microdata (the Household Finance and Consumption Survey, HFCS) and apply econometric knowledge to answer their research questions. Finally, the seminar projects will be presented in class.
Staff members of the OeNB will be involved in both parts of the course.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Evaluation consists of
• 10 % active participation in discussions
• 30 % midterm
• 40 % seminar paper
• 20 % seminar presentation

Students are expected to hand in a seminar paper and present their final seminar work. Evaluation criteria for the seminar paper are announced in class.

Important Dates:
• Exam: 19.4. (regular slot)
• Interim Presentations of Project: 10.5. (regular slot)
• Deadline to hand in seminar papers: 7.6., 11:59 pm.
• Final Seminar Presentations: 14.6. (blocked, entire day)

Mindestanforderungen und Beurteilungsmaßstab

Students need to achieve at least 50% of all points to pass this course.

Highly recommended:
- successfully completing a first-year macro course. Depending on the master’s program, these are "Applied Macroeconomics," "Macroeconomics for Economics and Finance," "Growth and Business Cycles" (or equivalent).

- Basic knowledge of statistics and econometrics

Familiarity with statistical software such as R or Stata is useful but not necessary.

Prüfungsstoff

The midterm covers all contents of the first part of the course which gives an introduction to core topics and methodologies.

Literatur

Research papers are announced in class and on the syllabus.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 30.06.2023 08:26