Universität Wien

040072 SE OeNB Guest Lecture: (2024S)

Uncertainty and Volatility in Macroeconomics

5.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Monday 29.04. 15:00 - 16:30 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 30.04. 11:30 - 13:00 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 30.04. 15:00 - 16:30 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 02.05. 09:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 02.05. 15:00 - 16:30 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Friday 03.05. 09:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Friday 03.05. 13:15 - 14:45 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Monday 06.05. 11:30 - 13:00 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Monday 06.05. 15:00 - 16:30 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 07.05. 11:30 - 13:00 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 07.05. 15:00 - 16:30 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 08.05. 09:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

Over the last years, uncertainty has become a major challenge that private and public decision makers have to deal with. This course will give an overview of the recent developments in the macroeconomics of uncertainty.

We will first review the different empirical measures of economic uncertainty and examine its effects on macroeconomic outcomes. We will be particularly interested in the link between uncertainty and economic volatility. Then, we will discuss the theoretical mechanisms through which uncertainty affects individual decisions (precautionary behaviors, risk aversion, etc.) and the amplication mechanisms of uncertainty shocks.

This course is at Ph.D. and advanced M.Sc. level.

Assessment and permitted materials

Students will present a research idea in class during the second block of the course that they will develop into a 4-5 page research proposal.

Minimum requirements and assessment criteria

Participation the and presentation in class will account for 50% of the final grade, and the final research proposal for the remaining 50%.

Examination topics

-

Reading list

Students are required to read list of papers before the start of each class to participate actively in the discussion in class. Required readings will be made available at the start of the course.

Association in the course directory

Last modified: Tu 09.04.2024 15:45