Universit├Ąt Wien FIND

390022 SE PhD-E: Consumer Credit and Macroeconomics (2018W)

Continuous assessment of course work


max. 24 participants
Language: English



Location: Seminarroom Doctoral College, 3rd floor
Wednesday, December 12, 11.30 - 13.00 h
Wednesday, December 12, 15.00 - 16.30 h
Thursday, December 13, 11.30 - 13.00 h
Thursday, December 13, 15.00 - 16.30 h
Friday, December 14, 11.30 - 13.00 h
Monday, December 17, 11.30 - 13.00 h
Monday, December 17, 15.00 - 16.30 h
Tuesday, December 18, 11.30 - 13.00 h
Tuesday, December 18, 15.00 - 16.30 h
Wednesday, December 19, 11.30 - 13.00 h
Wednesday, December 19, 15.00 - 16.30 h
Thursday, December 20, 11.30 - 13.00 h


Aims, contents and method of the course

This course will discuss recent developments in household finance from a macroeconomic perspective. We will review the empirical evidence on household balance sheets and then cover quantitative models that are able to replicate the data. There will be a particularly strong focus on housing and mortgage markets, from both an empirical and a theoretical perspective. We also discuss consumer default and its determinants and the individual and systemic level.

Assessment and permitted materials

There will be two assignments in order to gain hands on experience with the topics addressed in the course.

Referee report: At the end of the course, each student will be assigned one paper to referee. Students will need to prepare a 3-5 page referee report on the paper to be handed in electronically.
Grading: There will be two assignments that will count towards the final grade. Each student must hand in their individual solution to the assignments. Each assignment will be worth 35% of the final grade. In addition, students are required to prepare one referee report, worth 30% of the grade. Class participation is very much encouraged and will be rewarded.

Minimum requirements and assessment criteria

Examination topics

Reading list

Reference Textbook:
(LS) Ljungqvist and Sargent. Recursive macroeconomic theory, IV Edition. MIT Press.

Readings: A number of research papers are required reading for the course. Required readings will be made available at the start of the course.

Association in the course directory

Last modified: We 13.03.2019 11:29