Advanced Macroeconomics
This is the core course in macroeconomics for the Master Program in Economics. It deals with advanced methods and models that are
used to study economic growth and the business cycle.
Course description
Student website (password protected)
Social Choice Theory
This is a course for the Master Program in Economics. It introduces students to selected topics in social choice theory. Social choice
theory deals with the aggregation of individual preferences into a social preference. The course covers in particular the representation
of preferences through binary relations and choice functions, Arrow’s impossibility theorem, majority voting, scoring functions and the
Borda rule, individual rights and power, and the manipulability of preference aggregation mechanisms.
Course description
Student website (password protected).
Monetary Theory and Policy
This is a course for the PhD program of the Vienna Graduate School of Economics (VGSE) that deals with selected topics in monetary theory
and policy. Its primary goal is to make students familiar with several standard models of monetary economics and to show them how these
models can be used to analyze issues in monetary policy. A tentative list of topics includes search theoretic models of money, the
infinite-horizon model with money in the utility function or cash in advance constraints, nominal rigidities (menu costs, staggered contracts),
a basic New Keynesian model, and dynamic inconsistency of monetary policy (the basic problem and some of its solutions).
Course description
Student website (password protected).
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Last update: February 28, 2013. Send comments to gerhard.sorger@univie.ac.at.