Universität Wien
Achtung! Das Lehrangebot ist noch nicht vollständig und wird bis Semesterbeginn laufend ergänzt.

040216 KU Macroeconomics and Inequality (MA) (2026S)

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. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Donnerstag 05.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 06.03. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 13.03. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 19.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 20.03. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 26.03. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 27.03. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 16.04. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 17.04. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 23.04. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 24.04. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 30.04. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Donnerstag 07.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 08.05. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.05. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 21.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 22.05. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 28.05. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 29.05. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 05.06. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 11.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 12.06. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 18.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 19.06. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 25.06. 11:30 - 13:00 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 26.06. 09:45 - 11:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

This course provides students with a macroeconomic perspective on important topics such as wealth and income inequality, wealth taxation, (booms and busts) in the housing market. Differences between individuals (i.e. "heterogeneity") play a central role in all these topics.

This course relies on state-of-the-art heterogeneous agent models (à la Bewley-Huggett-Aiyagari) which are among the workhorse models in modern macroeconomics. Students will learn to analyze these models as well as to apply them to practical examples on the computer.

1.) Methods: Markov Chains, Dynamic Programming
2.) Data: Distributional National Accounts, Survey of Consumer Finances, Survey of Consumption Expenditures
3.) Models: Macroeconomic models with heterogeneous agents in various flavors (e.g. including housing markets)
4.) Treating the model output as a dataset, use it to analyze interesting phenomena (housing boom, demographic change, climate change, etc.)

The aim of this course is to develop a sound command of heterogeneous agent models that allows students to understand state-of-the-art research in the field. Students also start working on numerical applications in the Julia programming language.

Art der Leistungskontrolle und erlaubte Hilfsmittel

– active participation
– assignments
– midterm exam (in-class, closed-book)
– final exam (in-class, closed-book)

Mindestanforderungen und Beurteilungsmaßstab

In order to pass, students must achieve at least 50% in at least one of the exams. In that case the total grade is composed as follows.

– 30%: midterm exam
– 30%: final exam
– 30%: assignments
– 10%: active participation

– Grading scheme
– 1: [89, 100]
– 2: [76, 89)
– 3: [63, 76)
– 4: [50, 63)
– 5: [0, 50)

NOTE: If both exams are failed (<50%) the total grade will be 5.

Prüfungsstoff

The exams cover the material of all lectures, lecture notes and assignments prior to the exam. Representative exercises will be provided and practiced throughout the course.

Literatur

– lecture notes
– selected chapters of Jappelli, T. and L. Pistaferri (2017): The economics of consumption: Theory and evidence, Oxford University Press. (available as an online resource at the library)
– research articles
– https://julia.quantecon.org/intro.html

Tentative list of articles:
* Drechsel-Grau, M. and F. Greimel (2025): “Falling Behind: Has Rising Inequality Fueled the American Debt Boom?” The Review of Financial Studies.
* Guvenen, F., G. Kambourov, B. Kuruscu, S. Ocampo, and D. Chen (2023): “Use it or lose it: Efficiency and redistributional effects of wealth taxation,” Quarterly Journal of Economics.
* Huber, J., F. Kindermann, and S. Kohls (2025): “Rental Markets and Wealth Inequality in the Euro Area,” Working paper.
* Hubmer, J., P. Krusell, and A. Smith (2021): “Sources of US wealth inequality: Past, present, and future”, NBER Macroeconomics Annual.
* Kaplan, G. and G. L. Violante (2018): “Microeconomic heterogeneity and macroeconomic shocks,” Journal of Economic Perspectives.

Zuordnung im Vorlesungsverzeichnis

E1.4.

Letzte Änderung: Do 26.02.2026 10:45