Theory of Business Cycles/ Konjunkturtheorie
|Lehrstuhl:||Lehrstuhl für Wirtschaftstheorie (VWL 1)|
Raum 006 (Erdgeschoss)
Dienstag, 14:00-15:30 wöchentlich
Business Cycle research aims at explaining short-run fluctuations in key macroeconomic variables such as output, income, employment, and prices.
The course provides a comprehensive account of New classical and New Keynesian approaches which represent the two dominating schools of macroeconomic thought in this field. Starting with the class of so-called Real Business Cycle (RBC) models, various approaches are developed and compared. In addition, their policy implications and the general scope of fiscal and monetary policy to stabilize the economy and foster production output, employment and price stability are investigated.