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390012 UK PhD-VGSE: Bubbles in Macroeconomics (2018W)

5.00 ECTS (2.00 SWS), SPL 39 - Doktoratsstudium Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Note: Class on November 30 is cancelled! Additional Clas on November 23, 13.00 - 14.30 h, VGSE Seminarroom, 3rd floor

  • Friday 05.10. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 12.10. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 19.10. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 09.11. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 16.11. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 23.11. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 30.11. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 07.12. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 14.12. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 11.01. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 18.01. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 25.01. 09:45 - 11:15 Seminarraum 13 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

Aims: Students become familiar with some important properties of asset price bubbles and with the recent and not so recent literature on the occurrence of bubbles in macroeconomics.
Contents: The first part of the course deals with basic properties of asset price bubbles. In the second part we study under which conditions asset price bubbles can occur in neoclassical growth models. The last part presents a number of recent approaches of modelling asset price bubbles in macroeconomics including models by Kocherlakota (2009), Miao and Wang (2018), Farhi and Tirole (2012), and Martin and Ventura (2018).
Methods: The main material will be presented by the lecturer, whereas some additional material will be covered by student presentations.

Assessment and permitted materials

Class room participation (20%), student presentations (40%), homework exercises (40%). If there are more students than topics for student presentations, a final oral exam may be included.

Minimum requirements and assessment criteria

For a positive grade one needs at least 50% of all points that can be earned.

Examination topics

All course material is relevant.

Reading list

Montrucchio (Economic Theory, 2004)
Woodford and Santos (Econometrica, 1997)
Tirole (Econometrica, 1985)
Kocherlakota (Discussion Paper, 2009)
Farhi and Tirole (Review of Economic Studies, 2012)
Martin and Ventura (Annual Review of Economics, forthcoming)
Miao and Wang (American Economic Review, forthcoming).

Association in the course directory

Last modified: Mo 07.09.2020 15:46