Advanced (International) Macroeconomics

Lecture, SWS:2, VL Number: 33520

Lecturer

Hartmut Egger 

Description

It is the main purpose of this course to make students at the diploma or master level familiar with formal concepts of advanced macroeconomics in open economies. While the course has a strong analytical focus, the content – which includes aspects of international trade as well as monetary economics – is relevant for many fields in economics and finance.

The course is taught in English. Also the exam will be posed in English.

Table of Contents

• Intertemporal Trade and Current Account (O&R[1,2])
• Purchasing Power Parity, Real Exchange Rate and the Balassa-Samuelson Effect (O&R[4])
• Financial Markets, Nominal Interest Rates and Balance of Payments (R[1])
• Money and Exchange Rates (O&R[8,9])
  
  

Supporting Material

Lecture Notes for this course can be downloaded from the E-Learning server.

Recommended Textbooks

• Obstfeld, Maurice and Kenneth Rogoff (1996), Foundations of International Macroeconomics, Cambridge/M.: MIT Press.
• Rødseth, Asbjørn (2000), Open Economy Macroeconomics, Cambridge/UK: Cambridge University Press.
• Gandolfo, Giancarlo (2001), International Finance and Open-Economy Macroeconomics, Berlin et al.: Springer.
• Harms, Philipp (2008), Internationale Makroökonomik, Tübingen: Mohr Siebeck.
  
  

Exercise Course

An exercise course will support students in handling the different modeling approaches. It is strongly recommended to attend this exercise course in order to pass the exam.

Grading

Grading of the course is based on active participation and a written exam (1h) at the end of the term. If the number of participating students is less than 5, an oral examination may replace the written one.
(Students will be informed about the form of examination as soon as possible.)

Exercise, SWS:2, VL Number: 33521

Lecturer

Marco Molitor
Stefan Kornitzky

Description

The exercise course is closely linked to the lecture and supports the students in handling the different modeling approaches. The corresponding exercises will be provided on the e-learning server of the University of Bayreuth. It might be useful to prepare the exercises in advance to the course. It is strongly recommended to attend this course as well as the lecture for passing the exam successfully.

The course will be in English and will take place weekly.

The exercise class will be split in two groups, both attending to both classes, in order to guarantee a close mentoring of the students:

Tue, 6 - 8 p.m., H 15 (NW I)
Thu, 5 - 7 p.m., H 15 (NW I)


One will be online for sure, the other will potentially be conducted with physical attendance.
For further information, see the e-Learning course.

Since we meet 4 hours each week, the course will end in November (after the first half of the winter term).