Hans Gersbach: Catalogue data in Autumn Semester 2021

Name Prof. Dr. Hans Gersbach
FieldMacroeconomics: Innovation and Policy
Address
Makroökonomie, Gersbach
ETH Zürich, LEE F 101
Leonhardstrasse 21
8092 Zürich
SWITZERLAND
Telephone+41 44 632 82 80
E-mailhgersbach@ethz.ch
DepartmentManagement, Technology, and Economics
RelationshipFull Professor

NumberTitleECTSHoursLecturers
363-1136-00LDynamic Macroeconomics, Innovation and Growth
Students who have successfully completed the course "Dynamic Macroeconomics" (364-0559-00L) or
"Economics of Innovation and Growth" (363-0562-01L) can not register for this course.
3 credits2VH. Gersbach
AbstractIntroducing dynamic models and workhorses in macroeconomics, understanding the role of innovation and institutions for economic development and discussing policies to foster innovation and economic growth, with a perspective on how digitization and artificial intelligence will affect our economies.
ObjectiveAfter the course, students will be familiar with dynamic general equilibrium theory and the basic workhorses in macroeconomics. Participants will be able to speak the Arrow-Debreu and recursive language and apply the frameworks to interesting issues, such as innovation and growth. Moreover, students will understand how the world has developed over the last centuries and the proximate and fundamental causes of innovation and economic growth. Students will understand and apply the basic models of economic growth and will be able to identify policies to foster innovation and growth and to reduce the large wealth differences in the world. Finally, they understand how digitization and artificial intelligence will drive the economies.
Content1. Introduction

2. The Arrow-Debreu Approach and Sequential Markets

3. The Neoclassical Growth Model and the Representative Agent Model (with Mathematical Background)

4. Technological Progress and how the World has developed

5. Innovations and Growth (New Growth Theory)

6. Growth Policies and Fundamental Causes for Growth

7. Digitization and Artificial Intelligence
Literature1. Acemoglu, D. (2009): Introduction to Modern Economic Growth. Princeton University Press, Cambridge MA.

2. Stokey, N. and Lucas, R. (1989): Recursive Methods in Economic Dynamics. Harvard University Press, Cambridge, Massachusetts, United States and London, England.

3. Ljungqvist, L. and Sargent, T. (2004): Recursive Macroeconomic Theory, MIT Press, Cambridge, Massachusetts, United States and London, England.

4. Barro, R.J. and X. Sala-i-Martin (2004): Economic Growth. MIT Press.

5. Aghion P. and P. Howitt (1998): Endogenous Growth Theory. MIT Press.

6. Aghion P. and S. Durlauf (eds. 2005): Handbook of Economic Growth. Elsevier, chapter 6.

7. Romer, D. (2001): Advanced Macroeconomics. McGraw-Hill.

8. Bretschger, L. (1999): Growth Theory and Sustainable Development. Edward Elgar.

9. Romer, P. (1990): Endogenous Technological Change, Journal of Political Economy, Vol. 98(5).

10. Aghion, P. and P. Howitt (1992):A Model of Endogenous Growth through Creative Destruction. Econometrica, Vol. 60(2).

11. Lucas, R. (1988): On the Mechanics of Economic Development, Journal of Monetary Economics, Vol. 22.

12. Rebelo, S. (1991): Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, Vol. 99(3).

13. Piketty, T. (2014): Capital in the Tewnty-First Century. Harvard University Press, Cambridge, MA.

14. Current Literature on Digitization and Artificial Intelligence
Prerequisites / NoticeStudents who have successfully completed the course "Dynamic Macroeconomics" (364-0559-00L) or "Economics of Innovation and Growth" (363-0562-01L) can not register for this course.
364-0531-00LCER-ETH Research Seminar0 credits2SH. Gersbach, A. Bommier, L. Bretschger
AbstractResearch Seminar of Center of Economic Research CER-ETH
ObjectiveUnderstanding cutting-edge results of current research in the fields of the CER-ETH Professors.
ContentReferate zu aktuellen Forschungsergebnissen aus den Bereichen Ressourcen- und Umweltökonomie, theoretische und angewandte Wachstums- und Aussenwirtschaftstheorie sowie Energie- und Innovationsökonomie von in- und ausländischen Gastreferierenden sowie von ETH-internen Referierenden.
Prerequisites / NoticeBitte spezielle Ankündigungen beachten.

Studierende des GESS-Pflichtwahlfachs sollten sich vor Beginn mit der Seminarleitung in Verbindung setzen.
364-0556-00LDoctoral Workshop: Astute Modelling Restricted registration - show details
Prerequisite: Students are expected to attend the course 364-0559-00L "Dynamic Macroeconomics (Doctoral Course)", before registering for this workshop.
3 credits1GH. Gersbach
AbstractIn this workshop, ongoing research is presented and the criteria and guidelines for astute modelling of economic, political, and social situations are discussed.
ObjectiveWe will learn how to craft models, how to present our own research and improve our analytical skills.
Prerequisites / NoticeStudents are expected to attend the doctoral course "Macroeconomic Dynamics" before registering for this workshop.
364-0581-00LMicroeconomics Seminar (ETH/UZH)
No enrolment to this course at ETH Zurich. Book the corresponding module directly at UZH as an incoming student.
UZH Module Code: DOEC6089

Mind the enrolment deadlines at UZH:
Link
0 credits2SH. Gersbach
AbstractResearch Seminar
research papers of leading researchers in Microeconomics are presented and discussed
ObjectiveResearch Seminar
research papers of leading researchers in Microeconomics are presented and discussed
ContentInvited Speakers present current research in Microeconomics
364-1058-00LRisk Center Seminar Series0 credits2SB. J. Bergmann, D. Basin, A. Bommier, D. N. Bresch, L.‑E. Cederman, P. Cheridito, F. Corman, O. Fink, H. Gersbach, C. Hölscher, K. Paterson, H. Schernberg, F. Schweitzer, D. Sornette, B. Stojadinovic, B. Sudret, J. Teichmann, U. A. Weidmann, S. Wiemer, M. Zeilinger, R. Zenklusen
AbstractThis course is a mixture between a seminar primarily for PhD and postdoc students and a colloquium involving invited speakers. It consists of presentations and subsequent discussions in the area of modeling complex socio-economic systems and crises. Students and other guests are welcome.
ObjectiveParticipants should learn to get an overview of the state of the art in the field, to present it in a well understandable way to an interdisciplinary scientific audience, to develop novel mathematical models for open problems, to analyze them with computers, and to defend their results in response to critical questions. In essence, participants should improve their scientific skills and learn to work scientifically on an internationally competitive level.
ContentThis course is a mixture between a seminar primarily for PhD and postdoc students and a colloquium involving invited speakers. It consists of presentations and subsequent discussions in the area of modeling complex socio-economic systems and crises. For details of the program see the webpage of the colloquium. Students and other guests are welcome.
Lecture notesThere is no script, but a short protocol of the sessions will be sent to all participants who have participated in a particular session. Transparencies of the presentations may be put on the course webpage.
LiteratureLiterature will be provided by the speakers in their respective presentations.
Prerequisites / NoticeParticipants should have relatively good mathematical skills and some experience of how scientific work is performed.
364-1090-00LResearch Seminar in Contract Theory, Banking and Money (University of Zurich)
No enrolment to this course at ETH Zurich. Book the corresponding module directly at UZH as an incoming student.
UZH Module Code: DOEC0988

Mind the enrolment deadlines at UZH: Link
3 credits2SH. Gersbach, University lecturers
AbstractRecent developments in the fields of contract theory, finance, banking, money and macroeconomics.
ObjectiveUnderstanding recent developments in the fields of contract theory, finance, banking and macroeconomics.
851-0735-09LWorkshop & Lecture Series on the Law & Economics of Innovation Information 2 credits2SS. Bechtold, H. Gersbach
AbstractThis series is a joint project by ETH Zurich and the Universities of St. Gallen and Zurich. It provides an overview of interdisciplinary research on intellectual property, innovation, antitrust, privacy & technology policy. Scholars from law, economics, management and related fields present their current research. All speakers are internationally well-known experts from Europe, the U.S. & beyond.
ObjectiveAfter the workshop and lecture series, participants should be acquainted with interdisciplinary approaches towards intellectual property, innovation, antitrust, privacy and technology policy research. They should also have an overview of current topics of international research in these areas.
ContentThe workshop and lecture series will present a mix of speakers who represent the wide range of current social science research methods applied to intellectual property, innovation, antitrust, privacy and technology policy issues. In particular, theoretical models, empirical and experimental research as well as legal research methods will be represented.
Lecture notesPapers discussed in the workshop and lecture series are posted in advance on the course web page.
LiteratureWilliam Landes / Richard Posner, The Economic Structure of Intellectual Property Law, 2003
Suzanne Scotchmer, Innovation and Incentives, 2004
Peter Menell / Suzanne Scotchmer: Intellectual Property Law, in: Polinsky / Shavell (eds.), Handbook of Law and Economics, Volume 2, Amsterdam 2007, pp. 1471-1570
Bronwyn Hall / Nathan Rosenberg (eds.), Handbook of the Economics of Innovation, 2 volumes, Amsterdam 2010
Bronwyn Hall / Dietmar Harhoff, Recent Research on the Economics of Patents, 2011
Paul Belleflamme / Martin Peitz, Industrial Organization: Markets and Strategies, Cambridge, 2nd edition 2015
Robert Merges, Economics of Intellectual Property Law, in Parisi (ed.), Oxford Handbook of Law & Economics, Volume 2, 2017
CompetenciesCompetencies
Subject-specific CompetenciesConcepts and Theoriesassessed
Method-specific CompetenciesAnalytical Competenciesassessed
Problem-solvingassessed
Social CompetenciesCommunicationassessed
Personal CompetenciesCreative Thinkingassessed
Critical Thinkingassessed