363-1136-00L  Dynamic Macroeconomics, Innovation and Growth

SemesterHerbstsemester 2022
DozierendeS. Zelzner
Periodizitätjährlich wiederkehrende Veranstaltung
LehrspracheEnglisch
KommentarStudents 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.



Lehrveranstaltungen

NummerTitelUmfangDozierende
363-1136-00 VDynamic Macroeconomics, Innovation and Growth
Please note:
This lecture was merged from 364-0559-00L Dynamic Macroeconomics and 363-0562-01L Economics of Innovation and Growth.
Contact person: Richard von Maydell, Link.
2 Std.
Di10:15-12:00ZUE G 1 »
S. Zelzner

Katalogdaten

KurzbeschreibungIntroducing 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.
LernzielAfter 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.
Inhalt1. 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
Literatur1. 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
Voraussetzungen / BesonderesStudents 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.

Leistungskontrolle

Information zur Leistungskontrolle (gültig bis die Lerneinheit neu gelesen wird)
Leistungskontrolle als Semesterkurs
ECTS Kreditpunkte3 KP
PrüfendeS. Zelzner
FormSessionsprüfung
PrüfungsspracheEnglisch
RepetitionDie Leistungskontrolle wird in jeder Session angeboten. Die Repetition ist ohne erneute Belegung der Lerneinheit möglich.
Prüfungsmodusschriftlich 90 Minuten
Hilfsmittel schriftlichKeine
Diese Angaben können noch zu Semesterbeginn aktualisiert werden; verbindlich sind die Angaben auf dem Prüfungsplan.

Lernmaterialien

Keine öffentlichen Lernmaterialien verfügbar.
Es werden nur die öffentlichen Lernmaterialien aufgeführt.

Gruppen

Keine Informationen zu Gruppen vorhanden.

Einschränkungen

Keine zusätzlichen Belegungseinschränkungen vorhanden.

Angeboten in

StudiengangBereichTyp
Doktorat Management, Technologie und ÖkonomieÖkonomieWInformation
Management, Technologie und Ökonomie MasterEconomic DynamicsWInformation