Suchergebnis: Katalogdaten im Frühjahrssemester 2023
Management, Technologie und Ökonomie Master  | ||||||||||||||||||||||||
 Wahlfächer | ||||||||||||||||||||||||
| Economic Dynamics | ||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||
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| 363-0586-00L | International Economics: Theory of New Trade and Multinational Firms | W | 3 KP | 2V | D. Suverato | |||||||||||||||||||
| Kurzbeschreibung | The primary goal of the course is to familiarize students with recent work in international economics. Students will gain an essential set of guidelines to understand current worldwide economic scenario dominated by: "trade wars", "Brexit", the "fear of import competition from China" and the links between globalization and technological change. | |||||||||||||||||||||||
| Lernziel | Covering models of international trade, of trade and multinational firms, and of factor mobility and agglomeration, students will get a good overview of key contributions in the field of international economics. The introduction to this course provides a brief overview of classical trade models, where production cost differences between countries (through differences in factor productivity or in relative factor endowments) are the main source of gains from trade. The core of the course will be on general equilibrium models of trade where the main reason for trade are consumer preferences and their love of variety and its major impediments are transport costs. Technology, structure of the product market and the functioning of the labor market will be the key drivers of the effect of international trade on growth, welfare and inequality. At the end of the course student will be able to: 1. Define the concept of comparative advantage and understand how it shapes trade patterns. 2. Describe the main reasons for international trade and their relative importance in reality. 3. Explain the methodology used by modern economic models to quantify the gains from trade and the effects of changes in trade costs. 4. Summarize the main insights obtained by models which introduce firm heterogeneity in international trade. 5. Discuss the implications of international trade for inequality and the organization of production. | |||||||||||||||||||||||
| Inhalt | In this class we will cover the following topics. 1 Comparative Advantage. This is the main concept of "opportunity cost" applied to the questions "who produces what? and why?" 2 Gains from trade. International trade is a trigger for the development of welfare gains in terms of efficiency. We will understand why and how gains can be redistributed to mitigate losses for who loses in a more integrated economy. 3 Firms in the Global Economy. The main actors of international economics are globally integrated firms. We will examine their business model, in particular: – Export Decisions – Outsourcing Decisions and Organization of Multinationals – Global Value Chains 4 Trade and Income Distribution. While efficiency gains are clear, the impact of international trade on the income distribution is a more complex issue to assess. We will discuss the most recent developments on this subject. 5 Trade Policy. Topics such as free trade agreements and trade wars are of high importance in the political agenda. We will discuss the main trade policy instruments (such as tariffs, quotas, export subsidies and regulations) and their effects on economic growth. The detailed agenda of the course consists of these topics: 1.Ricardian Trade Theory, from Ricardo to Eaton-Kortum. 2.Heckscher-Ohlin Trade Theory and specific factor models. 3.Increasing Returns and Trade and gains from variety. 4.Firm Heterogeneity: the Melitz model and its applications. 5.Multinational firms and offshoring: a global organization of production. 6.Insights on trade policy: free trade agreements, tariffs, non-tariff barriers and regulations 7.New empirical insights on trade, development and inequality. | |||||||||||||||||||||||
| Literatur | Copies of the original articles and relevant chapters of books will be made available to participants of the course. | |||||||||||||||||||||||
| Voraussetzungen / Besonderes | To follow the course well, you should have some basic knowledge about: 1. solving constrained and unconstrained optimization problems, 2. integral calculus and probability theory Furthermore, you should be familiar with: 1. basic microeconomic concepts (such as General Equilibrium) 2. basic econometric concepts (such as Instrumental Variables) | |||||||||||||||||||||||
| 363-0584-00L | International Monetary Economics | W | 3 KP | 2V | J.‑E. Sturm, A. Rathke | |||||||||||||||||||
| Kurzbeschreibung | What determines the foreign exchange rate in the short- and long-term? What are the effects of monetary and fiscal policy in an open economy? What drives a country's choice of the foreign exchange rate regime and why are some countries more prone to financial crises than others? A number of simple theoretical frameworks will be developed that allow us to discuss recent economic policy issues. | |||||||||||||||||||||||
| Lernziel | The core objective of the course is to develop simple macroeconomic models of open economies that can be usefully applied to international economic phenomena ranging from global financial imbalances, the Chinese exchange rate regime, the European Monetary Union, reform proposals for the international financial architecture, to global financial crises. | |||||||||||||||||||||||
| Inhalt | This course focuses on the determinants of exchange rates and the interpretation of exchange rate movements in a framework of open economies, through an in-depth analysis of the most important models on the issue. Firstly, it familiarizes the students with exchange rates regimes and key concepts in balance-of-payments accounting, to afterwards outline the different macroeconomic models for open economies. The main goal of the course is to provide students with analytical and theoretical tools for the interpretation of exchange rate dynamics and the understanding of fiscal and monetary policy effects, as well as the integration of an empirical analysis of the named models. | |||||||||||||||||||||||
| Skript | Lecture notes will be made available via Moodle. | |||||||||||||||||||||||
| Literatur | Krugman, Paul, Maurice Obstfeld and Marc Melitz (2023), International Economics, Theory and Policy, 12th Global Edition, Pearson. | |||||||||||||||||||||||
| Kompetenzen |
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| 363-0558-00L | Introduction to Game Theory: Strategic and Cooperative Thinking It is recommended to take 363-0503-00L Principles of Microeconomics first. | W | 3 KP | 2G | F. Pitsuwan | |||||||||||||||||||
| Kurzbeschreibung | The goal of the lecture is to learn how to think strategically and cooperatively and to apply the concepts of game theory to economic, social, political, and business situations. The course covers: Noncooperative and Cooperative Game Theory, concepts and applications. | |||||||||||||||||||||||
| Lernziel | The goal of the lecture is to learn how to think strategically or cooperatively and to apply the concepts of game theory to economic, social, political, and business situations. Students will gain competence in a variety of standard game-theoretic concepts. They will also become familiar with the ways in which these concepts are applied in Economics and related disciplines. | |||||||||||||||||||||||
| Inhalt | Part 1: Strategic Thinking (Noncooperative Game Theory) Thinking in static and dynamic games with complete and incomplete information Part 2: Cooperative Thinking (Cooperative Game Theory) Thinking in repeated and cooperative games. The purpose of the course is to provide an introduction to both cooperative and non-cooperative game theory. The course will start from scratch with the most basic game-theoretic concepts, such as weak and strict dominance, or Nash equilibrium. Progress will be rather swift, however, and the course will cover more advanced concepts such as signaling games and Bayesian equilibrium. Additional topics will be added if time permits. Students will gain an understanding of the broad relevance and applicability of game theory in Economics and related disciplines. Instruction will take several forms such as lectures, exercises, and experiencing some of the games discussed in the lectures. | |||||||||||||||||||||||
| Skript | For inquiries and questions regarding the course organization please send an email to the lecturer, Dr. Fikri Pitsuwan (fpitsuwan@ethz.ch), or the teaching assistant, Giovanni Valvassori Bolgè (gvalvassori@ethz.ch). | |||||||||||||||||||||||
| Literatur | - Tadelis (2012). Game Theory: An Introduction. Princeton University Press - Osborne (2003). An Introduction to Game Theory. Oxford University Press - Gibbons (1992). Game Theory for Applied Economists. Princeton University Press - Watson (2002). Strategy: An Introduction in Game Theory. W.W. Norton & Company More Technical: - Osborne and Rubinstein (1994). A Course in Game Theory. MIT Press - Fudenberg and Tirole (1991). Game Theory. MIT Press - Myerson (1992). Game Theory: Analysis of Conflict. Harvard University Press - Mas-Collel et al. (1995). Microeconomic Theory. Oxford University Press Non-technical: - Dixit and Nalebuff (2010). The Art of Strategy. W.W. Norton & Company - Davis (1997). Game Theory: A Nontechnical Introduction. Dover Publications - Schelling (1980). The Strategy of Conflict. Harvard University Press. - Axelrod (1984). The Evolution of Cooperation. Basic Books. | |||||||||||||||||||||||
| Voraussetzungen / Besonderes | The lecture will be in English. | |||||||||||||||||||||||
| Kompetenzen |
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| 363-1008-00L | Public Economics | W | 3 KP | 2V | M. Köthenbürger, T. Giommoni | |||||||||||||||||||
| Kurzbeschreibung | Public Economics analyses the role of the government in the economy. In this course we will discuss justifications for and the design of public policy as well as its consequences on market outcomes. Issues related to public goods, taxation, in particular the effects of tax policy on labor supply, entrepreneurship and innovation will be emphasized. | |||||||||||||||||||||||
| Lernziel | The primary goal of the course is to familiarize students with the central concepts and principles of public economics. The course aims at providing a good understanding of theoretical work and how it may be applied to actual policy problems. Students will get a good overview of recent key contributions in the field and how these relate to empirical observations. | |||||||||||||||||||||||
| Inhalt | Overview: The course Public Economics analyses the role of the government in the economy. In most developed countries, government activity is significant and ranges from public service provision, redistribution of incomes, regulation and taxation. In many cases, public expenditures are 30-40 percent of GDP. In the course, we will discuss justifications for and the design of public policy as well as its consequences on market outcomes. We will repeatedly use real-world policy examples to allow students to apply their knowledge and to realize how effectively the knowledge can be used to understand and design public policy making. Organization: The course consists of four big building blocks, “externalities”, “taxation”, “political economy”, and “social security”. For each of the building blocks we will provide slides. There will be three problem sets and a written exam at the end of the course. Problem sets will not be graded. Credit points are given for passed exams only. | |||||||||||||||||||||||
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