WiSe 2023/24

Business Cycle Theory and Policy

The course introduces students to two modern theories of business cycles: Real Business Cycle theory and New Keynesian theory. A standard Real Business Cycle model will be formally stated and solved. Afterwards, a standard New Keynesian model will be formally stated and solved. Finally, we are going to use these two models for policy analysis. Students are supposed to learn how to state and solve modern business cycle models.

Green Finance: Monetary Policy and Banking Supervision

Climate change is influencing the structures of the financial sector and both the goals and transmission of monetary policy. Examples include certification and regulation of ESG criteria, mandates and quotas of portfolio components certified accordingly, and a longer than business cycle perspective in the conduct of monetary policy.

The interdisciplinary seminar aims to examine various facets of this transformation and the associated challenges for monetary policy as well as for supervision from an economic and legal perspective.

Advanced Macroeconomic Theory 1

This course will introduce students to the rigorous solution and analysis of business cycle models. Numerical solution methods will be compared in the analysis of the real business cycle (RBC) model and of New Keynesian models. Thus, the course will have a twofold focus on models and techniques.

Makroökonomik 2 / Makroökonomie 2

This course provides an introduction to advanced macroeconomics at the undergraduate level, serving as a bridge between intermediate macroeconomics at the undergraduate level and graduate macroeconomics. The  course begins with economic growth and then proceeds to business cycles. Knowledge of functions, derivatives, and constrained optimization, along with basic statistics is assumed.