Scientific Communication Seminar in International Economics

The seminar intends to focus on particular aspects of development economics, such as the integration of developing countries into the world economy, poverty and health, governance and institutions, macroeconomic distortions, or civil war. Students will apply analytical tools to understand these issues in developing countries, to examine empirical evidence, and to evaluate policy options for governments in developing countries to enhance growth rates and promote development. Qualification targets: This seminar will deal with major issues in development economics. By enrolling in this seminar, students can broaden their theoretical and empirical knowledge in this field. Imparted soft skills: Analytical thinking, Independent studying and learning, Literature research and documentation, Presentation of scientific results, Presentation techniques/language competencies, Team work and capacity for team work, Critical thinking Faculty of Management and Economics RUB main campus Knowledge of “Growth and Development Economics” is beneficial Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Matthias Busse 20 5 ECTS MA Block seminar (one weekend) not offered in every semester 50 % Term paper (12-15 pages); 50 % Presentation (20-40 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Growth and Development Economics

Models of the Post-Keynesian Growth Theory (Harrod/Domar Model and Two-Gaps Model) and the neoclassical growth model are discussed in detail. In particular, the determinants “savings” and “population growth” are critically assessed as well as the interdependency of growth and capital imports and foreign trade, respectively. Another focus is set on the analysis of “technological progress” as growth determinant. Subsequent to the theoretical models, problem oriented topics are covered, concentrating on development financing, trade, financial crisis, human capital accumulation, HIV/AIDS and technological progress in developing countries. Qualification targets: The aim of the module is to familiarize students with diverse growth theories and to enable them to classify these approaches with regard to theoretical and empirical relevance for the explanation of success and failure of development Imparted soft skills: Analytical thinking, Independent studying and learning, Critical thinking Faculty of Management and Economics a) RUB main campus b) Blue Square Good knowledge of macroeconomics. Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Wilhelm Löwenstein – 5 ECTS MA a) Lecture b) Exercise Session Learning material and relevant literature: Acemoglu, D. (2009): Introduction to Modern Economic Growth, Princeton University Press.; Bender, D.; Löwenstein, W. (2005): Two-Gap Models: PostKeynesian Death and Neoclassical Rebirth.; Feenstra, R./Taylor, A., International Economics, 2008.; Krugman, P./Obstfeld, M., International Economics, 7. Auflage, 2006.; Weil, David N. (2009): Economic Growth, 2. Auflage, Pearson Addison-Weasly, Boston. not offered every semester 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

International Trade

This course provides an intermediate level study of international trade theory and policy. The issues that will be addressed are, among others, the fundamental gains from trade, the implications of imperfect competition for trade patterns and welfare, how firms of different sizes and productivities engage in trade Qualification targets: (1) To develop a solid grounding in the analytical work of modern trade theory; (2) to master some tools for use in practical trade analysis; and (3) to provide a better understanding of the circumstances within which international trade policy is provided Imparted soft skills: Analytical thinking, Independent studying and learning, Literature research and documentation, Presentation of scientific results, Presentation techniques/language competencies Faculty of Management and Economics RUB main campus None Week1: Introduction Week2: followed by Week3 to the Final Week Jun.-Prof. Dr. Sanne Kruse-Becher – 5 ECTS MA a) Lecture b) Tutorial 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Seminar in Development Economics

The seminar intends to focus on particular aspects of development economics, such as the integration of developing countries into the world economy, poverty and health, governance and institutions, macroeconomic distortions, or civil war. Students will apply analytical tools to understand these issues in developing countries, to examine empirical evidence, and to evaluate policy options for governments in developing countries to enhance growth rates and promote development Qualification targets: This seminar will deal with major issues in development economics. By enrolling in this seminar, students can broaden their theoretical and empirical knowledge in this field. Imparted soft skills: Analytical thinking, Independent studying and learning, Literature research and documentation, Presentation of scientific results, Presentation techniques/language competencies, Team work and capacity for team work, Critical thinking Faculty of Management and Economics Blue Square Knowledge of “Growth and Development Economics” is beneficial. Week1: Introduction Week2: followed by Week3 to the Final Week Dr. Thomas Koch; Prof. Dr. Matthias Busse 20 5 ECTS MA Block seminar (one weekend) not offered in every semester 50 % Term paper (12-15 pages); 50 % Presentation (20-40 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Macroeconomics I

This module is necessary for further studies of macroeconomics at an advanced level. It prepares students for PhD programs or work in research institutions. This module covers advanced theoretical models on business cycle fluctuations, inflation, unemployment, and economic growth. It provides an overview over the most important macroeconomic topics and introduces students to theories in macroeconomics. The theories are applied to relevant macroeconomic policy issues such as how to deal with financial crisis or the European dept crisis. Qualification targets: This module is an introduction to modern macroeconomics and important current topics of macroeconomic policy. Students learn standard modeling techniques. We also discuss major controversies and the limits of these models. The module stimulates critical thinking and trains the skills required to solve and analyze formal models. Students also get an overview of important policy discussions. Imparted soft skills: Analytical thinking, Independent studying and learning, Presentation techniques/language competencies, Team work and capacity for team work, Critical thinking Faculty of Management and Economics Blue Square Thorough knowledge of mathematics for economists is recommended. Knowledge of the materials from the Bsc module “Grundlagen der Makroökonomik” (Foundations of Macroeconomics) is expected. Week1: Introduction Week2: followed by Week3 to the Final Week Dr. Paola D’Orazio; Prof. Dr. Michael Roos 5 ECTS MA 100 % Written exam (60 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Macroeconomics and Sustainability

This module covers the different dimensions of a sustainable economy, i.e. material well-being, social justice and inclusion, and ecological sustainability, from a macroeconomic perspective. Pursuing these goals may involve trade-offs which generate difficult problems for economic policy. In particular, we look at how economic growth relates to happiness, the environment, poverty, and the income distribution. We discuss the concepts of limits to growth, green growth, post growth, and de-growth and their macroeconomic and societal implications. Qualification targets: Students obtain an overview of the macroeconomic sides of the sustainability debate and learn how to analyze these topics with economic tools. The module stimulates critical thinking and trains the skills required to apply economic models. Imparted soft skills: Analytical thinking, Independent studying and learning, Literature research and documentation, Presentation of scientific results, Critical thinking Faculty of Management and Economics RUB main campus “Macroeconomics I” and “Macroeconomics II” recommended. Week1: Introduction Week2: followed by Week3 to the Final Week M. Sc. Said Benjamin Bonakdar; Prof. Dr. Michael Roos 20 5 ECTS MA a) Lecture b) Seminar Frequency: At least once every two years, normally in the summer semeter 60 % Term paper (19 pages); 40 % Presentation and discussion (30 Min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Applied Time Series Analysis

This course provides the review of time series models widely applied in economics and finance. Starting from univariate linear ARMA models we consider a broad class of linear and non-linear time series approaches (including ARIMA, GARCH, VARMA, etc.) with focusing on estimation and forecasts Qualification targets: Upon successful completion of the module “Applied Time Series Analysis” students should be able to understand and to use modern time series techniques in empirical research. Imparted soft skills: Analytical thinking, Independent studying and learning, Critical thinking Faculty of Management and Economics RUB main campus At least one graduate course in Econometrics. Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Vasyl Golosnoy 100 10 ECTS MA a) Lecture b) Tutorial 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Advanced Statistics

This graduate course in statistics concentrates primarily on basic statistical concepts such as random variables and distributions, estimation, testing, asymptotic approximations. Qualification targets: Upon successful completion of the module “Advanced Statistics” students should have a sound theoretical background in statistics which is required in more applied and specialized quantitative courses. Imparted soft skills: Analytical thinking, Independent studying and learning, Critical thinking Faculty of Management and Economics RUB main campus Bachelor courses in Inferential Statistics and Basic Econometrics, background in Mathematical Analysis Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Vasyl Golosnoy 50 10 ECTS MA a) Lecture b) Tutorial 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Network Economics

This module analyses competition on network markets with tools of industrial economics. Topics are, complementarities, compatibility, network externalities, switching costs etc. Focus on hardware and software industry, telecommunication, informational goods, bank networks, etc. The focus is on the hardware and software industry, telecommunication, informational goods, bank networks, etc. Previous knowledge in industrial organization is helpful, but not a prerequisite, since we will briefly review the main concepts. Qualification targets: The students should obtain a sound knowledge in network economics that allows them to read and understand original papers in the modern literature Imparted soft skills: Analytical thinking, Independent studying and learning, Critical thinking Faculty of Management and Economics RUB main campus Good knowledge of Microeconomics and Mathematics. Good knowledge of the Medium of instruction English. Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Julio Robledo del Prado 5 ECTS MA a) Lecture b) Tutorial Learning material and relevant literature: Oz Shy (2001) The Economics of Network Industries, Cambridge University Press 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Microeconomics II

This module is an introduction to modern industrial organization (IO) and its applications to applied economic policy. The module covers standard IO topics at master level: monopoly, oligopoly, product differentiation, pricing strategies, mergers. Qualification targets: Students learn the standard modelling techniques. After attending this module, students should be able to read and understand IO oriented scientific literature. Imparted soft skills: Analytical thinking, Independent studying and learning, Critical thinking Faculty of Management and Economics RUB main campus Good knowledge of mathematics. Good command of English. Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Julio Robledo del Prado 5 ECTS MA a) Lecture b) Exercise Session Learning material and relevant literature: Gravelle & Rees (2004, 3rd Edn) Microeconomics; Lynne Pepall et at (2010) Contemporary Industrial Organisation 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de

Microeconometrics

This module deals with the advanced econometric methods applicable to micro data. In particular, discrete choice and selection models as well as advanced empirical evaluation methods are covered. Within the lecture, the participants are introduced to the theoretical concepts of the methods. Within the tutorials, these methods are discussed based on examples from the scientific literature. Qualification targets: By the end of this course, students should be able to understand and evaluate empirical studies based on micro data and to be proficient in the subject-related terminology. Moreover, they should have the ability to choose the right empirical estimation strategy based on a given dataset/problem. Imparted soft skills: Analytical thinking, Independent studying and learning, Critical thinking Faculty of Management and Economics RUB main campus Advanced knowledge of empirical research and/or econometrics is recommended. Week1: Introduction Week2: followed by Week3 to the Final Week Prof. Dr. Thomas Bauer 30 10 ECTS MA a) Lecture b) Tutorial Learning material and relevant literature: Angrist/Pischke, (2008), Mostly Harmless Econometrics: An Empiricist’s Companion. Princeton University Press.; Cameron/Trivedi (2005), Microeconometrics: Methods and Applications. Cambridge University Press.; Further literature (journal articles) will be provided during the course 100 % Written exam (90 min) Jan Wüstenfeld: wiwi-international@ruhr-uni-bochum.de https://www.wiwi.ruhr-uni-bochum.de/studium/service.html.de