Department of Economics and Econometrics /Institut Volkswirtschaftslehre und Ökonometrie

This course is the introductory course into Macroeconomics within the Master of Science in Economics.

In this course, students familiarize with the basic concepts, methods and models of dynamic macroeconomics. They first go through a math camp that teaches them the mathematical skills needed to master dynamic analysis and optimization. Afterwards, they investigate typical issues in macroeconomics, like economic growt, fiscal policy, consumption decisons or business cycles.

This course is compulsory to all students in the MSc Economics. Throughout the course, students are regularly asked to hand in solutions to homework assignments. There is both a midterm and a final exam.

Content

This course has two objectives. Firstly, students will become familiar with current computer-based techniques used in quantitative economic research. They will learn the programming language Fortran and how it can be used to solve mathematical and economic problems, with a particular focus on the numerical solution of dynamic programming problems. In the second part of the course, the learned techniques will be applied to various models of macroeconomics and household decisions over the life cycle. 

After successfully completing this course, students will have a basic knowledge of computer-based methods in economic research. They will be able to formulate dynamic programming problems and solve them with the help of computers. Students will have become familiar with the relevant literature in the field of quantitative macroeconomics and will be able to develop their own research ideas in these fields.

Prerequisites

This course is open to students on the Master and PhD level. There are no formal prerequisites. Yet, a sound knowledge in mathematics as well as dynamic economics is an asset. We recommend to take this course after having completed the compulsory course “Dynamic Macroeconomcis”.

The aim of this course is to expand and deepen your knowledge of international trade theory, building on the bachelor's degree course "Außenhandelstheorie und -politik". In particular, it is about cross-border interactions beyond the “classic” exchange of goods and services (factor mobility and trade in intermediate goods) as well as the implications of incomplete competition for trade patterns and trade policy options.

The course is intended to introduce students to recent approaches and research fields in foreign trade theory. In particular, this will enable you to take part in the essential and constantly flaring discussion about the desirability of free international trade at a high analytical level.

Ziel dieser Veranstaltung ist es, aufbauend auf der Veranstaltung des Bachelor-Studiengangs „Außenhandelstheorie und –politik“ die Kenntnisse in Außenhandelstheorie zu erweitern und zu vertiefen. Insb. geht es dabei um grenzüberschreitende Interaktionen jenseits des „klassischen“ Austauschs von Waren und Dienstleistungen (Faktormobilität und Handel mit Zwischengütern) sowie um die Implikationen unvollständiger Konkurrenz für Handelsmuster und die handelspolitischen Optionen.
Die Studierenden sollen mit dieser Veranstaltung an die neueren Ansätze und Forschungsfelder der Außenhandelstheorie herangeführt werden. Sie werden dadurch insbesondere auch in die Lage versetzt, sich an der essentiellen und immer wieder aufflammenden Diskussion um die Wünschbarkeit freien Außenhandels auf hohem Niveau zu beteiligen.

Methoden der Politikevaluation: Anrechenbar im Master VWL in den Schwerpunkten Quantitative Wirtschaftsforschung und Markt und Staat.

In this course students will learn about chosen topics of macoeconomics and real estate economics:

- Monetary and Fiscal Policy Effects

- Consumption Based Asset Pricing Models

- Real Estate Markets in DSGE Models

- Land Price Models

- Uncertainty Indices for Macro and Real Estate

These topics will be supported by current papers, which are dealing with specific questions. In addition there will be open discussions and presentations to itensify the methodical skills learned and get a full understanding. Furthermore parts of each paper will be analysed theoretically or empirically with computational methods.

Studierende können nach dem Kursbesuch empirische Projekte realisieren, wie sie in Seminar-, Bachelor- und Masterarbeiten, sowie in Forschung und Berufspraxis häufig vorkommen. Die Ökonometrie-Software EViews von IHS bietet eine umfangreiche Funktionalität für alle Aspekte der empirischen Wirtschaftsforschung, einschließlich Datenaufbereitung, Visualisierung von Daten, Schätzen und Testen ökonometrischer Modelle, sowie der Doku­mentation dieser Analyseschritte. Die praktische Realisierung im Kurs erfolgt durch einfache Programmierung in EViews, da Programmierung u.a. die Qualität und Replizierbarkeit empirischer Analysen erhöht. Vorkenntnisse in Statistik, Ökonometrie oder EViews, sowie im Programmieren können hilfreich sein, sind aber nicht unbedingt erforderlich.

pie_info.pdf (https://knoppik.app.ur.de/edu/docs/pie_info.pdf)

Aktuelle Informationen finden Sie auch auf der Homepage (https://www.uni-regensburg.de/wirtschaftswissenschaften/vwl-knoppik/)