Wirtschafts- theoretisches Seminar SS 2017  

Unemployment and the Business Cycle

Lecturers: Prof. Dr. Thomas Steger, Konstantin Gantert M. Sc.
Date: Friday 07.07.2017, 8-17 Uhr
Language: English
Place: Room I132 (SR 8)
Course Assessment: preparation & presentation of your seminar paper; participation in discussion
Credits: 5 ECTS
Lecture on Labor Macroeconomics: Tuesday, 30.05.2017, 11:00 - 12:30, SR6
Topic Allocation: Tuesday, 30.05.2017, 12:30, SR6

Information and Topics

The seminar addresses master students with a basic understanding of dynamic general equilibrium models and an interest in macroeconomic research. We focus on the implications of labor market frictions on the business cycle. Dynamic general equilibrium models (Search and Matching Theory) are employed to analyze different shock transmission channels.

A lecture of Advanced Macroeconomics will give an introduction about the importance of labor markets for business cycles and will present a simple search-and-matching model.

To participate in the seminar, students can choose one of the research papers below. The task is to fully understand the respective paper and be able to explain the research question and the main conclusions. Moreover, the main results should be put into perspective within the relevant literature. You are not asked to calculate the entire model or even code it on your computer.

Each student is asked to write a short (max 15 pages) term paper, give a presentation on his/her topic in the block seminar (30min) and be the discussant of another presentation in the block seminar (max 10min). The goal of the seminar is to introduce students to modern labor theory in macroeconomics and to show its importance as well as its limitations.

The topics will be assigned to students during the first session. Each topic will be allocated once. Please think about your 3 preferred topics before the first session.

Research Papers

1. Wage Setting
2. Finance and Unemployment
3. Matching, Labour Turnover and Separation
4. Economic Policy

Further Information

    Prerequisites and Grading


    You must have passed or be actively enrolled in Advanced Macroeconomics. Furthermore, a basic understanding of statistics and microeconomics is an asset. An interest in quantitative models would be nice.


    1. Individual essay about one of the topics below (60 %)
    2. Seminar presentation (30%).
    3. Active participation during the seminar (10%)



    letzte Änderung: 16.03.2017