This module covers theoretical models of economic growth and business cycle fluctuations at an advanced level. It provides an overview over the most important macroeconomic topics and introduces students to concepts that are important for more advanced studies of macroeconomics and for practical work in this field.
 This module contrasts mathematical mainstream models such as the Ramsey growth model and the basic RBC model with system dynamics models. System dynamics models are computer simulation models that are ideal for the analysis of non-linear models with multiple feedback loops. Feedback is pervasive in the macroeconomy, such that system dynamics models are a valuable addition to the macroeconomist’s tool box.
- Kursleiter/in: Kasimir PĂĽttbach
- Kursleiter/in: Michael Roos
Semester: ST 2025