course-schedule

Behavioral Economics (Vorlesung)

Inhalt: Based on numerous empirical and experimental insights, the field of behavioral economics has emerged within the last decades and become an important part of mainstream economic research. The course will cover fundamental topics from this field. We will analyze the effects of reference points for behavior, how individuals make intertemporal choices, the role of social preferences (e.g., altruism, fairness, envy) for decision-making, and how social groups individuals identify with affect behavior. Additionally, we will cover well-known heuristics and biases (e.g., confirmation bias, overconfidence). We will also analyze strategic interaction using behavioral game theory. At the end, we will cover selected applications (e.g., labor market, happiness research, nudging). Behavioral economics embeds insights from disciplines such as psychology and sociology, but aims at building formal models of economic behavior to generate testable predictions. In this course, we will stick to basic principles of neoclassical reasoning and modeling, but we will depart in some dimensions and analyze situations in which individuals have limited willpower, rationality, and self-interest (in some sense). We will, subsequently, compare behavioral approaches and results with those from standard neoclassical economics. Contents 1. Introduction 2. Prospect Theory 3. Intertemporal Choices 4. Social Preferences 5. Social Identity 6. Behavioral Game Theory 7. Heuristics and Biases 8. Selected Applications

Behavioral Economics (Exercise) (Übung)

Dozent/in: Mario Mechtel

Inhalt: See lecture

International Trade (Seminar)

Dozent/in: Torben Stühmeier

Inhalt: This course provides an introduction to the theory and practice of international trade. The aim of the course is to provide basic theories of international trade and their empirical validation. Participants should acquire the competence to understand and evaluate macroeconomic developments, trade policy as well as corporate strategies in this field. Participants will also gain insight into econometric research methods and recent results in this field. Topics covered include trade gains, reciprocity of international trade and market structures, competition and income inequality. Furthermore, institutions and instruments of trade policy are presented and general arguments for free trade and for trade restriction are discussed against the background of current trade policy. Topics to be covered: - Labor productivity and comparative advantage: the Ricardian model. - Specific factors and income distribution - Resources and trade: The Heckscher-Ohlin model - The Standard Trade Model - External economies of scale and the international localization of production - Firms in the global economy: export decisions, outsourcing, and multinationals Examination: - Presentation (40%) - Written paper of 15 pages (60%) Both should be closely related to the seminar content.

Wirtschaftspolitik (Vorlesung)

Dozent/in: Thomas Wein

Inhalt: Aufbauend auf einen wirtschaftshistorischen Absatz wird die Wirtscgaftspolitik in der Bundesrepublik Deutschlannd beschrieben. Zuerst werden die wichtigsten wirtschaftspolitischen Daten nach dem 2. Weltkrieg vorgestellt und dien ökonomische Theorie der Verfassung auf das deutsche Verfassungsrecht angewandt. Anschließend werden die Politikfelder Wetbewerbspolitik, Rentenpolitik, Gesundheitspolitil, Familienpolitik, Bildungspolitik, Umweltpolitik und Energiepolitik vorgestellt und diskutiert.

Wirtschaftspolitik (Übung) (Übung)

Dozent/in: Thomas Wein

Inhalt: s. Vorlesung

Course Schedule

Lehrveranstaltungen

Behavioral Economics (Vorlesung)

Behavioral Economics (Exercise) (Übung)

International Trade (Seminar)

Wirtschaftspolitik (Vorlesung)

Wirtschaftspolitik (Übung) (Übung)