Universität Wien FIND
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040110 UK Macroeconomics and Inequality (MA) (2019W)

Track in Macroeconomic Policy

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Thursday 03.10. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 04.10. 11:30 - 13:00 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
Thursday 10.10. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 11.10. 11:30 - 13:00 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
Thursday 17.10. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 18.10. 11:30 - 13:00 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
Thursday 24.10. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 25.10. 11:30 - 13:00 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
Thursday 31.10. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 07.11. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 08.11. 11:30 - 13:00 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
Thursday 14.11. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 15.11. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 21.11. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 22.11. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 28.11. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 29.11. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 05.12. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 06.12. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 12.12. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 13.12. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 09.01. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 10.01. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 16.01. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 17.01. 11:30 - 13:00 PC-Seminarraum 2 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 23.01. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 24.01. 11:30 - 13:00 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß
Thursday 30.01. 16:45 - 18:15 Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday 31.01. 11:30 - 13:00 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß

Information

Aims, contents and method of the course

This course provides students with a macroeconomic perspective on important topics such as wealth and income inequality, pensions and retirement, education, taxation, and consumer debt. 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 one of the workhorse models in modern macro. Students will learn to analyze these models as well as to apply them to practical examples on the computer.

After introducing the basic methods, the course discusses interesting research papers in the different areas listed above. (Specific focus can be adapted to student preferences.)

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 Matlab.

Assessment and permitted materials

Evaluation consists of
(30%) midterm exam
(30%) problem sets to be handed in
(30%) term project*
(10%) participation

* The term project can either be a research proposal or a numerical exercise in Matlab.

Minimum requirements and assessment criteria

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

The course "Growth and Business Cycles" (or equivalent) is a prerequisite. The course "Dynamic Macroeconomics with Numerics" and some familiarity with Matlab are useful but not necessary.

Examination topics

Reading list

Additional reading on methodology:
Stokey, N. and R. E. Lucas (with E. C. Prescott), 1996,
Recursive Methods in Economic Dynamics, Harvard University Press.
Ljungqvist, L., T. Sargent, 2018,
Recursive Methods in Macroeconomic Theory, MIT Press.

Further reading for specific topics will consist of research papers announced in class.

Association in the course directory

Last modified: We 18.03.2020 19:07