22-30.020 Elements of Dynamic Macroeconomic Theory

Course offering details
Instructors: Prof. Michael Bauer
Event type:
Interactive class
Displayed in timetable as:
Elements Macro
Hours per week:
5
Credits:
10,0
Language of instruction:
English
Min. | Max. participants:
- | 45
More information: Registration period for first-semester students Mon, 10 October 2022, 9 am to Thu, 13 October 2022, 4 pm
Comments/contents: The course website is on OpenOLAT. 
There you will find all course materials, incl. syllabus, slides, problem sets, etc. All electronic communication will happen via OpenOLAT. Please join the course website here: 

https://www.openolat.uni-hamburg.de/auth/RepositoryEntry/269320525


Course outline:

1. Economic growth

  • Solow model
  • Growth accounting and growth empirics
  • Neoclassical growth model  

2. Business cycles

  • Consumption
  • Real business cycles
  • New Keynesian model

3. Monetary Policy

  • Optimal monetary policy
  • Monetary policy rules
  • Yield curve and zero lower bound
  • Practice of monetary policy

4. Fiscal policy

  • Government expenditures and fiscal multipliers
  • Budget deficits and debt sustainability

Learning objectives: This course has the following complementary objectives:

  • Becoming familiar with the most important topics in modern macroeconomics
  • Learning the necessary tools and techniques to formulate and solve dynamic models
  • Analyzing macroeconomic policy issues using theoretical models and quantitative methods

Didactic concept: This course includes two interactive lectures. The main lecture "Elements of Dynamic Macroeconomic Theory" provides an introduction to modern macroeconomics at an advanced level, with a focus on the most important theoretical macroeconomic models in the areas of growth theory, and business cycles. The accompanying lecture "Methods of Macroeconomic Analysis" teaches the analytical, computational and empirical methods used in modern macroeconomics.  Both lectures are interactive, meaning that students actively participate in discussions in class, prepare course materials outside class, and independently work on problem sets to deepen their understanding of the material. 

The lectures will take place in-person. Attendance of these lectures is expected of the students. 

All course materials will be made available via OpenOLAT, including a detailed syllabus, lecture slides, problem sets, a discussion forum, FAQ, etc. 

There will be regular problem sets. Students are expected to work on the problems and hand in their solutions via email. Working in groups is allowed. Students who do well on the problem sets will receive a grade bonus of up to +0.7.  

There are regular Office hours.
Literature: The main textbook for the course is "Advanced Macroeconomics" by David Romer, 5th ed., McGraw-Hill, 2019.  
Additional readings will be announced in class. 
Additional examination information: In-person exam:

 
Small group(s)

This course is divided into the following small groups:

  • Methods of Macroeconomic Analysis

    Prof. Michael Bauer; Daniel Huber

    Th, 20. Oct. 2022 [12:00]-Th, 2. Feb. 2023 [13:00]

    Show small group
Class session overview
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Instructors
Prof. Michael Bauer
Appointments
Date From To Room Instructors Appointments
1
Date Tue, 18. Oct. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
2
Date Wed, 19. Oct. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
3
Date Tue, 25. Oct. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
4
Date Wed, 26. Oct. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
5
Date Tue, 1. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
6
Date Wed, 2. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
7
Date Tue, 8. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
8
Date Wed, 9. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
9
Date Fri, 11. Nov. 2022
To 10:00
To 12:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
10
Date Tue, 15. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
11
Date Wed, 16. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
12
Date Tue, 22. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
13
Date Wed, 23. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
14
Date Mon, 28. Nov. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
15
Date Fri, 2. Dec. 2022
To 10:00
To 12:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
16
Date Tue, 6. Dec. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
17
Date Wed, 7. Dec. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
18
Date Tue, 13. Dec. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
19
Date Wed, 14. Dec. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
20
Date Fri, 16. Dec. 2022
To 10:00
To 12:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
21
Date Tue, 20. Dec. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
22
Date Wed, 21. Dec. 2022
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
23
Date Tue, 10. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
24
Date Wed, 11. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
25
Date Tue, 17. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
26
Date Wed, 18. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
27
Date Tue, 24. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
28
Date Wed, 25. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
29
Date Tue, 31. Jan. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
30
Date Wed, 1. Feb. 2023
To 08:00
To 10:00
Room ESA H (Eduard-Heimann-Hörsaal)
Instructors Prof. Michael Bauer
Exams in context of modules
Module(start semester)/ Course Requirement combination Exam Date Instructors Compulsory pass
22-3.PM2 Advanced Macroeconomics (WiSe 18/19) / 22-3.pm2 Elements of Dynamic Macroeconomic Theory Written examination 9 Written examination Th, 9. Feb. 2023, 13:15 - 14:45 Prof. Michael Bauer Yes
10 Written examination Th, 23. Mar. 2023, 10:15 - 11:45 Prof. Michael Bauer Yes
22-3.PM2 Advanced Macroeconomics (WiSe 16/17) / 22-3.pm2 Elements of Dynamic Macroeconomic Theory Written examination 13 Written examination Th, 9. Feb. 2023, 13:15 - 14:45 Prof. Michael Bauer Yes
14 Written examination Th, 23. Mar. 2023, 10:15 - 11:45 Prof. Michael Bauer Yes
22-3.PM5 Elements of Dynamic Macroeconomic Theory (WiSe 18/19) / 22-3.pm2 Elements of Dynamic Macroeconomic Theory Written examination 9 Written examination Th, 9. Feb. 2023, 13:15 - 14:45 Prof. Michael Bauer Yes
10 Written examination Th, 23. Mar. 2023, 10:15 - 11:45 Prof. Michael Bauer Yes
Course specific exams
Description Date Instructors Mandatory
1. Written examination Th, 9. Feb. 2023 13:15-14:45 Prof. Michael Bauer Yes
2. Written examination Th, 23. Mar. 2023 10:15-11:45 Prof. Michael Bauer Yes