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364-0559-00L 3 Credits DR D-MTEC

Dynamic Macroeconomics

Lecturers & Examiners: Prof. Dr. Hans Gersbach
Does not take place this semester.
VVZ CR n/a

Last Updated: 2026-02-05 15:36:34

Abstract

Dynamic models and workhorses in macroeconomics

Objective

In this doctoral course, we learn dynamic general equilibrium theory and the basic workhorses in macroeconomics. After the course the participants will be able to speak the Arrow-Debreu and recursive language and apply the frameworks to interesting issues in Growth, Public Finance, Monetary Theory and Banking.

Content

1. Introduction 2. The Arrow-Debreu Approach and Sequential Markets 3. The Neoclassical Growth Model and the Representative Agent Model 4. Mathematical Background 5. Frictions and Banking 5.1 Overview 5.2 Banks in Macroeconomic Models 5.3 Ramsey cum Banks: General Equilibrium with Banks and Outside Equity 6. Overlapping Generations Models and Models with Heterogenous Agents 7. Debates 7.1 Theory of Piketty 7.2 High Bank Equity Requirements

General Information

Language
English
Levels
DR
Frequency
Yearly recurring

Examination

Type
end-of-semester examination

Course Components

Type Title Time & Place Hours
lecture Dynamic Macroeconomics
Does not take place this semester. Permission from lecturers required for all students. Please note: This lecture will be merged in autumn semester 2020 with 363-0562-01 Economics of Innovation and Growth. The new lecture is 363-1136-00L Dynamic Macroeconomics, Innovation and Growth.
No time listed 2 h weekly

Offered In