Universität Wien FIND

290011 SE Seminar in Economics (Macroeconomics) (2020W)

What the so-called "Nobel Prize for Economics" has been awarded for - new findings and appraisals

4.00 ECTS (2.00 SWS), SPL 29 - Geographie
Continuous assessment of course work


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


max. 20 participants
Language: German


Classes (iCal) - next class is marked with N

INFO: die LV findet ab November ausschließlich digital statt.

Weitere Informationen entnehmen Sie der Moodle Plattform.

Wednesday 07.10. 15:00 - 16:30 Seminarraum 4 Hauptgebäude, Tiefparterre Stiege 9 Hof 5
Wednesday 14.10. 15:00 - 16:30 Digital
Wednesday 21.10. 15:00 - 16:30 Digital
Wednesday 28.10. 15:00 - 16:30 Digital
Wednesday 04.11. 15:00 - 16:30 Digital
Wednesday 11.11. 15:00 - 16:30 Digital
Wednesday 18.11. 15:00 - 16:30 Digital
Wednesday 25.11. 15:00 - 16:30 Digital
Wednesday 02.12. 15:00 - 16:30 Digital
Wednesday 09.12. 15:00 - 16:30 Digital
Wednesday 16.12. 15:00 - 16:30 Digital
Wednesday 13.01. 15:00 - 16:30 Digital
Seminarraum 4 Hauptgebäude, Tiefparterre Stiege 9 Hof 5
Wednesday 20.01. 15:00 - 16:30 Digital
Seminarraum 4 Hauptgebäude, Tiefparterre Stiege 9 Hof 5
Wednesday 27.01. 15:00 - 16:30 Digital


Aims, contents and method of the course

The aim of the course is to understand, interpret and present relevant economic topics using the so-called “Nobel Prizes in Economics”.

Assessment and permitted materials

A seminar paper is to be written. In addition, there is the respective presentation and discussion, as well as participation in the discussion on the other topics.
In the first hour there will be an introduction and the allocation of topics
Type of performance control
Central is the writing of a seminar paper, which should be structured as follows:
life and time background of the laureates
Discourse on theories
Forecasting and verification

The lecture should take about 20 minutes.
The work must be submitted one week before the presentation. Changes in the first version (revision) are to be highlighted in further versions

Minimum requirements and standard of assessment
(The percentages below refer to the proportion of weight in the overall assessment :)
The content (35%), presentation (10%), the ability to summarize (10%), the scientific method (10%) and the ability to discuss it are assessed.
Everyone also has to make a prepared discussion contribution (approx. 5 min) (10%). Ad hoc contributions to the discussion are also noted positively.
At the beginning of each hour, the topic of the last hour is repeated, with at least one participant being invited at random. (10%)
At the end of the semester there is a final test (approx. 45 min), in which resume from all work is queried. (15%)

Minimum requirements and assessment criteria

see above

Examination topics

1. Kuznets: BNP and Kuznets curve
2. Arrow: Arrow paradox, Arrow-Debreu equilibrium model, environmental economics
3. Leontief: I-O technology, Leontief paradox, Leontief production function
4. Myrdal: polarization theory, development policy
5. Kantorowitsch: linear programming, production planning
6. Friedman: Monetarism, "Natural Unemployment Rate"
7. Simon: Complexity, "bounded rationality", "satisficing".
8. Tobin: Financial speculation, Tobin's Q
9. Solow: Solow growth model, technology
10. Coase: transaction costs, principal-agent theory.
11. Fogel-North: Quantitative methods in economic history
12. Becker: human capital, market and everyday life (up to the economic theory of marriage)
13. Merton, Scholes: Concepts for speculation
14. Sen: measurement of inequality and poverty, HDI, capability approach
15. Fama-Hansen-Shiller: market efficiency hypothesis, speculation
16. Kahnemann: behavioral economics, real decisions
17. Ostrom: Commons, collective action
18. Stiglitz: asymmetrical information, "globalization"
19. Krugman: New economic geography, wealth distribution
20. Tyrol: market power, concentration, oligopolies
21. Nordhaus: Models for Climate Change
22. Romer: New growth theory, innovation
23. Thaler: Behavioral Economics, Nudge
24. Banerjee-Duflo-Kremer: Empiricism to fight poverty

Reading list

Literature research is part of the work on the seminar paper

Association in the course directory

(MA UF GW 03)

Last modified: Tu 14.12.2021 13:49