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040110 KU Macroeconomics and Inequality (MA) (2021W)
Continuous assessment of course work
Labels
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).
- Registration is open from Mo 13.09.2021 09:00 to Th 23.09.2021 12:00
- Registration is open from Mo 27.09.2021 09:00 to We 29.09.2021 12:00
- Deregistration possible until Fr 15.10.2021 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
The class is set up around in-person classroom teaching and features home-learning elements. 3G rules apply.
UPDATE: As of November 22, 2021 Austria is in lockdown again. We have to switch to online teaching until further notice. See Moodle for details.- Wednesday 06.10. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 08.10. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 13.10. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 15.10. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 20.10. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 22.10. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 27.10. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 29.10. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 03.11. 13:15 - 14:45 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 03.11. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 05.11. 11:30 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 05.11. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 10.11. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 12.11. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 17.11. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 19.11. 16:45 - 18:15 PC-Seminarraum 1 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 24.11. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 26.11. 16:45 - 18:15 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 01.12. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 03.12. 16:45 - 18:15 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 08.12. 16:45 - 18:15 Digital
- Friday 10.12. 16:45 - 18:15 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 15.12. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 17.12. 16:45 - 18:15 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 12.01. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 14.01. 16:45 - 18:15 PC-Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 19.01. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 21.01. 16:45 - 18:15 PC-Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Untergeschoß
- Wednesday 26.01. 16:45 - 18:15 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
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.The course is structured in two parts: First, the basic methods of dynamic programming are introduced. Second, the course covers important research papers that discuss different aspects of inequality.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.
(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.Prerequisite: successfully completing a first year macro course. Depending on the master program, these are "Applied Macroeconomics," "Macroeconomics for Economics and Finance," "Growth and Business Cycles" (or equivalent). Some familiarity with Matlab is useful but not necessary.
Examination topics
The midterm exam covers all contents and problem sets of Part 1, which introduces the basic methodology.
Reading list
Research papers are announced in class and on the syllabus.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.
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.
Association in the course directory
Last modified: Fr 12.05.2023 00:12