Universität Wien
Achtung! Das Lehrangebot ist noch nicht vollständig und wird bis Semesterbeginn laufend ergänzt.

040021 KU Current Topics in Macroeconomic Policy (MA) (2022S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

After the exam, flexible meeting dates to discuss the seminar project will be arranged.

  • Donnerstag 10.03. 15:00 - 16:30 Digital
  • Donnerstag 17.03. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 18.03. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 24.03. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 25.03. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 31.03. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 01.04. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 07.04. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 08.04. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 28.04. 15:00 - 16:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 29.04. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 05.05. 15:00 - 16:30 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Freitag 06.05. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 12.05. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 13.05. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 19.05. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 20.05. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 27.05. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 02.06. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 03.06. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 09.06. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 10.06. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 17.06. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 23.06. 15:00 - 16:30 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 24.06. 08:00 - 09:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 30.06. 15:00 - 16:30 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course will be in cooperation with the Austrian National Bank (Österreichische Nationalbank, OeNB).

Aim of the Course:
The aim of this course is that students learn how to answer current policy-relevant topics in the area of macroeconomics using microeconomic data. Accounting for household heterogeneity has become increasingly important in the evaluation of macro-stabilization policies and their potential redistributive effects. In this course, students will use detailed microeconomic data to empirically document household heterogeneity across a variety of dimensions (for example, across income, wealth, gender, employment status, etc.). They will independently analyze the role of heterogeneity for a wide range of topics relevant to macro-stabilization policies, such as households’ savings behavior, the distribution of marginal propensities to consume (MPCs), households’ balance sheets, financial distress, and indebtedness.

Course Structure:
The course will be structured in two parts. First, there will be an introduction to core topics and methodologies. Students will learn about basic consumption theory (precautionary savings, borrowing constraints, the role of MPCs), the determinants for the effectiveness of fiscal stimuli (e.g. the role of (wealthy) hand-to-mouth consumers), and why households’ portfolios matter for the transmission of monetary policy.
In the second part, students will work in groups on assigned seminar topics. They will use microdata (the Household Finance and Consumption Survey, HFCS) and apply econometric knowledge to answer their research questions. Finally, the seminar projects will be presented in class.
Staff members of the OeNB will be involved in both parts of the course.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Evaluation consists of
• 10 % active participation in discussions
• 30 % midterm
• 40 % seminar paper
• 20 % seminar presentation

Students are expected to hand in a seminar paper and present their final seminar work. Evaluation criteria for the seminar paper are announced in class.

Important Dates:
• Exam on April 28th (preliminary)
• Interim Presentations of Project: Thursday, May 19th
• Deadline to hand in seminar papers: June 10th (1 week before the presentations)
• Final Seminar Presentations: Monday, June 20th (blocked, entire day)

Mindestanforderungen und Beurteilungsmaßstab

Students need to achieve at least 50% of all points to pass this course.

Highly recommended:
- successfully completing a first-year macro course. Depending on the master’s program, these are "Applied Macroeconomics," "Macroeconomics for Economics and Finance," "Growth and Business Cycles" (or equivalent).

- Basic knowledge of statistics and econometrics

Familiarity with statistical software such as R or Stata is useful but not necessary.

Prüfungsstoff

The midterm covers all contents of the first part of the course which gives an introduction to core topics and methodologies.

Literatur

Research papers are announced in class and on the syllabus.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Do 11.05.2023 11:26