Universität Wien

390035 UK PhD-VGSE: Topics in Dynamic Economic Analysis (2014W)

Continuous assessment of course work

Mon, 10.00-11.30h, Seminarroom 3.307, 3rd Floor, VGSE-Kolleg, Oskar-Morgenstern-Platz 1, 1090 Vienna

The level of this course requires knowledge of advanced macroeconomics, advanced microeconomics, and advanced econometrics. ;Students may apply for this course by sending an email to info@vgse.at including their CV, transcript (Sammelzeugnis) and optionally a recommendation of their thesis advisor. ; More information at www.vgse.at

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

Currently no class schedule is known.

Information

Aims, contents and method of the course

The course deals primarily with mathematical methods for the analysis of deterministic dynamic economic models in discrete time. These include in particular dynamic optimization with and without commitment, dynamic games, and dynamic competitive equilibrium models. Depending of the preferences of the students, the course may also cover selected issues in continuous-time dynamic models.

Objectives: After successful completion of this course, students
o are familiar with standard optimization methods for deterministic dynamic models;
o understand the difference between decision making under commitment and discretionary decision making;
o are familiar with some important equilibrium concepts for dynamic games;
o are familiar with the basic methodology to formulate and solve dynamic competitive equilibrium models;
o are able to characterize the solutions of simple models from the above mentioned modeling frameworks.

Target group: PhD students of Economics. The course counts for 2 hours (5 ETCS points).

Prerequisites: Knowledge of macroeconomics, microeconomics, and mathematics as covered in the Master program.

Assessment and permitted materials

Assessment will be based on homework exercises and an oral exam.

Minimum requirements and assessment criteria

Examination topics

Reading list

The course is based on the book manuscript Dynamic Economic Analysis: Deterministic Models in Discrete Time by Gerhard Sorger (to be published by Cambridge University Press, 2015). Alternative recommended textbooks are Recursive Methods in Economic Dynamics by N.L. Stokey and R.E. Lucas, Jr. (Harvard University Press, 1989) and Recursive Macroeconomic Theory by L. Ljungqvist and T.J. Sargent (3rd ed., MIT Press 2012).

Association in the course directory

Last modified: Mo 07.09.2020 15:46