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SUMMARY:Macroeconomics I
DESCRIPTION:Course type\nIWH-DPE Foundation Course\, CGDE First-year Course \nLecturers\nProfessor Dr Thomas Steger (UL) and Professor Dr Martin Hänsel (UL) \nSummary\nThis is the first course of the first-year triple sequence in Macroeconomics. \nThe focus of this course is on the foundations of modern macroeconomic analysis using dynamic models. It introduces core tools such as recursive methods\, infinite-horizon models\, and competitive equilibria. It also discusses welfare implications of market outcomes. The main topics include economic growth and sustainability\, including climate change. \nSchedule\n07.04.2026      10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n20.04.2026      10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n04.05.2026      10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n18.05.2026      10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room \nContent\n\nDynamic Optimization\nDynamic Competitive Equilibrium & Welfare\nGrowth\nSustainability\n\nCourse requirements\nAttendance at all lectures is mandatory and a prerequisite for examination. \nCourse grading will be based on three problem sets corresponding to Sections 2\, 3\, and 4. Students may complete the problem sets in groups of two. They may present their solutions either in class or in a separate Zoom session. \nRequired Reading\n1. Dynamic Optimization\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapter 4. https://phdmacrobook.org/ \n2. Dynamic Competitive Equilibrium & Welfare\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapters 5-6. https://phdmacrobook.org/ \n3. Growth\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapter 13. https://phdmacrobook.org/ \n4. Sustainability\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapter 25. https://phdmacrobook.org/ \nRegistration\nPlease register for the course until March 31\, 2026 by sending an e-mail to cgde@iwh-halle.de.
URL:https://cgde-home.de/event/macroeconomics-i/2026-04-07/
LOCATION:Halle Institute for Economic Research (IWH) – Member of the Leibniz Association\, Leipziger Straße 100\, 06108 Halle (Saale)\, conference room\, 3rd floor\, Leipziger Strasse 100\, Halle (Saale)\, Saxony-Anhalt\, 06108\, Germany
CATEGORIES:First-Year Courses
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