040057 Macroeconometrics (MA)

UK, 4 hours per week (8 ECTS)

Language of instruction: English

Time and location:

Monday, 3:00pm-4:30pm, Hörsaal 8, Oskar Morgenstern Platz

Friday, 11:30-13:00, Hörsaal 3, Oskar Morgenstern Platz

Starts: March 3, 2017

Course description: The course focuses on econometric methods that are used in applications to aggregate macroeconomic data. The course consists of the following main building blocks:

1) Univariate time series (ARMA processes, stationarity and unit roots, testing for unit roots, estimation of ARMA, model selection, prediction, autoregressive conditional heteroskedasticity)

2) Multivariate time series (dynamic models with stationary variables, models with integrated variables, spurious regression, cointegration, vector autoregressions, impulse response, vector error-correction models)

3) Macroeconomic panel data (panel data models, dynamic linear panels, panel time series)

The topics roughly correspond to the Sections 8, 9, 10.1-10.6 of the textbook

Verbeek: A Guide to Modern Econometrics (Wiley, 4^th edition),

which serves as the main literature for the course. Another recommended textbook is Davidson and McKinnon: Econometric Theory and Methods (Oxford University Press), particularly chapters 13, 14. For reference on time series, I generally recommend Lütkepohl: Introduction to Multiple Time Series (Springer).

Plan of the course: Assessment will be based on two written tests, a midterm test in late April and a final test in June (no alternative dates can be provided), and a small independent empirical econometric project. Each of the tests carries a weight of 35 % for the final grade, while the project carries 30 %. Dropping the course without a grade is only possible before the midterm test. A positive grade requires 50 % of the maximum achievable score and attendance at the midterm test.

040216 Macroeconomics (MA, International Business Economics)

VO (Lectures, 2 hours per week, 4 ECTS)

Language of instruction: English

Time and location:

Wednesday, 11:30-13:00, Hörsaal 14, Oskar Morgenstern Platz

Starts: March 8, 2017

This lecture course aims at repeating the material on macroeconomics that participants know from their bachelor studies and to deepen this knowledge. The textbook “Macroeconomics: Institutions, Instability, and the Financial System” (Wendy Carlin & David Soskice; Oxford University Press) serves as the main literature for this course. I also provide sets of slides to all participants via e-mail. Topics covered are:

1) Demand side, supply side, and macroeconomic policy;

2) Money, banking and the macro-economy;

3) The financial sector and crises;

4) The open economy

These topics roughly correspond to the respective sections 1-3, 5, 6, 9-10 of the indicated textbook.

040096 SOLV - Commons - new old Economy System (BA)

UK (2 hours per week, 4 ECTS)

Time and location:
Thursdays, 6:30pm-8:00pm, Hörsaal 9, Oskar Morgenstern Platz

Starts: March 2, 2017

This German-language course is organized together with the StRV students’ representatives. See other sources, particularly the detailed description in U:FIND, for more information.