Master VWL Winter 2019/20  

Seminar "Business Cycle Theories"

Lecturer: Dr. Karl-Friedrich Israel
Date: 20./21.01.2020
Room: Seminarraum S203
Language: English
To be graded: Term paper
Deadline term paper: February 1, 2020

Modul: 07-202-2305 Seminar on Business Cycle Theories (WiSe 2019/20)
Guidelines for the term paper can be found here.

Introduction and Term Paper Selection

In this seminar we will discuss potential causes of business cycles. In particular, we will cover the Austrian and Keynesian theories of the business cycle and try to apply their insights to the Great Recession of 2007/2008.

Precise topics for term papers and presentations can be discussed upon appointment with the instructor. Presentations will be given on January 20 and 21. Term papers are due on February 1.

Term paper: up to 5000 words

Presentations: 20 minutes + 40 minutes of discussion (Q&A)

Students are encouraged to suggest their own topics. The seminar will provide room to discuss different ideas and theories as long as they are related to business cycle fluctuations and economic policy. For more information contact the instructor.

Some suggested Seminar Topics

1.Credit expansion as a cause of the Great Recession
2.Aggregate demand and the Great Recession
3.Drivers of the housing boom and bust
4.Investment patterns over the course of the business cycle
5.Macroeconomic indicators as a warning signal for economic crises
6.Monetary expansion and the Great Recession
7.Lessons from the Great Recession for economic policy
8.Keynesian and Austrian business cycle theory: complements or adversaries?
9.The Post-Keynesian account of the Great Recession
10.The Great Recession and the Great Depression: A comparative analysis
11.Private Product Remaining (PPR) as an alternative to GDP 
12.Alternative measures of economic activity in business cycle research

letzte Änderung: 14.10.2019