105.646 Dynamic Macroeconomics
This course is in all assigned curricula part of the STEOP.
This course is in at least 1 assigned curriculum part of the STEOP.

2021W, VO, 2.0h, 3.0EC
TUWEL

Properties

  • Semester hours: 2.0
  • Credits: 3.0
  • Type: VO Lecture
  • Format: Presence

Learning outcomes

After successful completion of the course, students are able to:

  • list key empirical relationships related to economic growth;
  • critically assess the basic theoretical models in economic growth that try to explain the key empirical relationships;
  • set-up and solve theoretical models to analyse issues in economic growth;
  • analyze models of economic growth, e.g., compare their equilibrium predictions to the data;
  • assess fiscal policy within the models;
  • construct extensions of these basic models independently.

Subject of course

Topics include:

  1. Overview on economic growth and economic development
  2. The Solow-Swan model as a starting point in growth theory
  3. The Ramsey-Cass-Koopmans model as the central workhorse
  4. Technology diffusion around the world
  5. Growth and subsistence consumption
  6. Growth with overlapping generations
  7. Human capital and economic growth
  8. First-generation models of endogenous growth
  9. Models of endogenous technological change
  10. Growth, development, and exhaustible resources

Teaching methods

  • This is an interactive course and students have to be ready to work actively;
  • Stylized facts about economic growth and macroeconomic theories of growth are discussed;
  • Rigorous exposition of theoretical models including detours to clarify methods and illustrative examples are used throughout the presentation to provide deeper insights to the theoretical issues;
  • Self-study, i.e., autonomous work by students on all material covered in class;
  • Regular homework assignments related to particular topics are distributed and have to be solved by students in an accompanying course (105.647, UE);
  • Students are encouraged to make use of office hours, which are meant to clarify specific problems students may have.

Mode of examination

Written

Lecturers

Institute

Course dates

DayTimeDateLocationDescription
Tue16:00 - 18:0005.10.2021 - 25.01.2022Sem.R. DB gelb 04 105.646
Dynamic Macroeconomics - Single appointments
DayDateTimeLocationDescription
Tue05.10.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue12.10.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue19.10.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue09.11.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue16.11.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue23.11.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue30.11.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue07.12.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue14.12.202116:00 - 18:00Sem.R. DB gelb 04 105.646
Tue11.01.202216:00 - 18:00Sem.R. DB gelb 04 105.646
Tue18.01.202216:00 - 18:00Sem.R. DB gelb 04 105.646
Tue25.01.202216:00 - 18:00Sem.R. DB gelb 04 105.646

Examination modalities

Solution of Problems as practiced in the homework assignments.

Exams

DayTimeDateRoomMode of examinationApplication timeApplication modeExam
Thu10:00 - 11:3027.01.2022 online examwritten20.01.2022 12:00 - 24.01.2022 23:59TISSonline Prüfung Jänner

Course registration

Begin End Deregistration end
05.10.2021 18:01 12.10.2021 23:59

Curricula

Literature

No lecture notes are available.

Previous knowledge

  • 105.606 Macroeconomics for WM (VO)
  • 105.605 Microeconomics for WM (VO)
  • 105.690 Advanced Macroeconomics (VO)
  • 105.691 Advanced Macroeconomics (SE)

Accompanying courses

Language

English