WiSe 16/17: Topics in Macroeconomics - Long-Run Sustainability
The goal of this course is to provide students with a basic understanding of factors relevant for the long-run sustainability of the macroeconomy, with an emphasis on the economies of North America ... read more
The goal of this course is to provide students with a basic understanding of factors relevant for the long-run sustainability of the macroeconomy, with an emphasis on the economies of North America and Europe. We will focus on the links between resource availability and macroeconomic sustainability, and on the macroeconomic implications of pursuing a large-scale decarbonization of economic activity. The first part of the course will introduce basic concepts such as the relevance of natural resources for macroeconomic growth, the relationship between fossil fuels and the macroeconomy and approaches to climate policy. The second part of the course will consider specific opportunities and challenges for macroeconomic development induced by current climate and energy policy in North America and Europe and the transmission channels from policy to macroeconomy, such as innovation and trade effects. Course participants will also be able to suggest topics of interest.
Emphasis will be placed on classroom interaction and on developing an understanding of the relevant material as a group. Therefore, course participants are expected to be present and active for at least 4/5s of all sessions and to complete all assignments over the course of the semester. Each participant will hold a 15-20 minute presentation on a topic to be agreed on with the instructor and will manage the associated classroom discussion. Additionally, each participant will write a short term paper of up to 4 pages in length on an agreed topic. The course will be conducted in English, and all assignments are due in English as well.