Universität Wien

390035 UK PhD-VGSE: Topics in Dynamic Economic Analysis (2014W)

Prüfungsimmanente Lehrveranstaltung

Mon, 10.00-11.30h, Seminarroom 3.307, 3rd Floor, VGSE-Kolleg, Oskar-Morgenstern-Platz 1, 1090 Vienna

The level of this course requires knowledge of advanced macroeconomics, advanced microeconomics, and advanced econometrics. ;Students may apply for this course by sending an email to info@vgse.at including their CV, transcript (Sammelzeugnis) and optionally a recommendation of their thesis advisor. ; More information at www.vgse.at

An/Abmeldung

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

Details

max. 24 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine

Zur Zeit sind keine Termine bekannt.

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course deals primarily with mathematical methods for the analysis of deterministic dynamic economic models in discrete time. These include in particular dynamic optimization with and without commitment, dynamic games, and dynamic competitive equilibrium models. Depending of the preferences of the students, the course may also cover selected issues in continuous-time dynamic models.

Objectives: After successful completion of this course, students
o are familiar with standard optimization methods for deterministic dynamic models;
o understand the difference between decision making under commitment and discretionary decision making;
o are familiar with some important equilibrium concepts for dynamic games;
o are familiar with the basic methodology to formulate and solve dynamic competitive equilibrium models;
o are able to characterize the solutions of simple models from the above mentioned modeling frameworks.

Target group: PhD students of Economics. The course counts for 2 hours (5 ETCS points).

Prerequisites: Knowledge of macroeconomics, microeconomics, and mathematics as covered in the Master program.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Assessment will be based on homework exercises and an oral exam.

Mindestanforderungen und Beurteilungsmaßstab

Prüfungsstoff

Literatur

The course is based on the book manuscript Dynamic Economic Analysis: Deterministic Models in Discrete Time by Gerhard Sorger (to be published by Cambridge University Press, 2015). Alternative recommended textbooks are Recursive Methods in Economic Dynamics by N.L. Stokey and R.E. Lucas, Jr. (Harvard University Press, 1989) and Recursive Macroeconomic Theory by L. Ljungqvist and T.J. Sargent (3rd ed., MIT Press 2012).

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:46