Wirtschaftswissenschaftliche Fakultät

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Advanced Macroeconomics


Lecturer: Prof. Dr. Maußner
Date: see timetable
Building/Room: see timetable


Abstract:

The course covers the neoclassical models of capital accumulation by Solow, Ramsey and Diamond and contrasts their implications to the empirics of economic growth. Basic knowledge of production and household theory is assumed.


Content:

  1. Conceptual and methodological foundations
    1. Questions
    2. Time concept
    3. Neoclassical production function
  2. The Solow Model
    1. Description
    2. The dynamics of capital accumulation
    3. Empirical plausibility
  3. The inter-generation contract model
    1. Description
    2. Saving function
    3. The dynamics of capital accumulation
    4. Dynamic efficiency
    5. Statutory pension ensurance
  4. The Ramsey model
    1. Planning problem
    2. The dynamics of capital accumulation
    3. Markets and decentralized solutions
    4. Ricardian equivalence
    5. The super-neutrality of money


Literature:

Barro, Robert J., Sala-i-Martin, Xavier,  Economic Growth, 2nd Ed. MIT Press: Cambridge, MA, London, 2004

Jones, Charles I., Dietrich Vollrath,  Introduction to Economic Growth. Third Edition. W.W. Norten: New York, London 2013

Romer, David,  Advanced Macroeconomics, McGraw-Hill: New York 2006

Maußner, Alfred und Rainer Klump,  Wachstumstheorie, Springer: Berlin 1996

Romer, David,   Advanced Macroeconomics. Third Edition. McGraw-Hill: Boston 2006

Weil, David D,   Economic Growth. Second Edition. Pearson: Boston 2009


More information:

Recommended semester: any semester
Field of study: Bach. iBWL/iVWL: Cluster E&I (PO 2008); Diplom iBWL/iVWL: Cluster E&I (PO 2005); Bach. GBM: Cluster E&I (PO 2008); Bach. VWL Nebenf. (Phil.-Hist.)
Duration: 2 SWS
Type: V - Vorlesung
Semester: SS 2017