Dynamic Quantitative Economics (MWiWi 2.8)
General Information
The Moodle course is now open (not password protected yet).
Recently, there was a change in the examination regulations: The modules MWiWi 2.8 (Dynamic Quantitative Economics; my module) and MWiWi 2.5 (International Macroeconomics and Globalization; previously offered by Prof. Dr. Welfens) may not be combined with each other anymore.
Exempt are students who have already registered before the winter semester 2023/2024 for the first time for at least one of the exams for "MWiWi 2.5" or "MWiWi 2.8".
So, if you have not yet written an exam in one of the two modules, you may only take one of the two modules (and not both). As the module MWiWi 2.5. can no longer be offered in its previous form, the relevant module for most students will be (my) module MWiWi 2.8. Please participate in this module (MWiWi 2.8.).
If you have already written one of the two exams in the past, you may still take the respective other course (due a transitional regulation). Let me state very clearly however that there are cases where I do not recommend this (although it is formally possible). Precisely: If you have already passed my module MWiWi 2.8, I strongly recommend not to (also) take the course MWiWi 2.5 (as the latter course cannot be offered anymore de facto. In fact, meanwhile the courses MWiWi 2.8 and MWiWi 2.5 are more or less identical in terms of contents. Both modules take place at the same time in the same room). Only if you have already passed MWiWi 2.5 in the past (offered by Prof. Dr. Welfens), it is recommended to additionally take my course MWiWi 2.8. You are invited to do so if you have this study profile!
For "new" students (i.e., students who have not passed either of the two models yet), the only relevant information you need is that the module MWiWi 2.5 is effectively no longer offered (de facto) and that you should attend my module MWiWi 2.8 "Dynamic Quantitative Economics" (this course) instead. I look forward to you participating in my module!
Course Information
There are few economic questions to which the answer is not a number.
This course offers a comprehensive and up-to-date treatment of analytical and numerical tools for analyzing dynamic economic problems quantitatively. We show how dynamic economic theories can be evaluated quantitatively and how dynamic models can be used as laboratories for policy analysis. The course combines theoretical foundations and practical applications. It bridges the traditional gap between theoretical and empirical research and offers an integrated framework for studying applied problems in macroeconomics, microeconomics, labor economics, and finance.
We cover a variety of core economic topics including the study of business cycles, economic growth, fiscal and monetary policy, and labor markets.
You have to complete this course first before studying "Economics of Market Imperfections" (MWiWi 2.16).
Course Prerequisites
Formally none. Students should have taken an intermediate macroeconomics and microeconomics course. Knowledge of univariate calculus and basic statistics will be assumed. All mathematical and statistical tools needed for this course will be reviewed.
Time and Venue
Mon, 12-2pm (M.14.25)
Wed, 10-12am (N.11.16)
Wed, 12-2pm (N.11.16)
It is strongly recommended to attend all three weekly meetings.
First meeting: Monday, April 15
Please sign up for the Moodle course if you plan to study the module (not password protected yet).
