Universität Wien

390052 UK PhD-VGSE: Selected Topics in Economic Dynamics (2011S)

5.00 ECTS (2.00 SWS), SPL 39 - Doktoratsstudium Wirtschaftswissenschaften
Continuous assessment of course work

Please contact Maarten Janssen (maarten.janssen@univie.ac.at) to register for this course. To attend this course you should have the required background knowledge, be ambitious in progressing with your research, and participate actively in class.

Website: mailbox.univie.ac.at/gerhard.sorger/teaching.html

Details

max. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 01.03. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 08.03. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 15.03. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 22.03. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 29.03. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 05.04. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 12.04. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 03.05. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 10.05. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 17.05. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 24.05. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 31.05. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 07.06. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 21.06. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 28.06. 12:30 - 14:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)

Information

Aims, contents and method of the course

The course deals with modern methods for the analysis of dynamic economic models and with selected applications of these methods to macroeconomics.
o Discrete-time dynamic optimization (Euler equation, transversality condition, Lagrange method, dynamic programming);
o Dynamic inconsistency and commitment;
o Sequential and recursive competitive equilibrium;
o Open-loop and closed-loop equilibria of dynamic games;
o Applications in macroeconomics.

This course counts for 5 ECTS points resp. 2 hours in the PhD Program in Economics (VGSE).

Assessment and permitted materials

There will be frequent homework exercises. Depending on the number of participants, there may also be one or two tests or a final exam.

Minimum requirements and assessment criteria

After completion of this course, students should be familiar with the most important methods for solving dynamic optimization problems and with the concepts of dynamic inconsistency and dynamic equilibrium. Furthermore, they should be able to apply these methods and concepts in their own research.

Examination topics

Reading list

The course does not follow any particular textbook. Good references 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. Sargent (MIT Press, Cambridge, 2004). Additional references will be provided during the course.

Association in the course directory

Last modified: Mo 07.09.2020 15:46