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Intern
    Chair of Labour Economics

    Bachelor

    Summer Semester 2022

    Lecture

    Lecturer: Dr. Prateek Bhan                                                               
    Time: 12 - 2 pm  
    Beginning: 28 April  
    Room: HS 216 (Audimax)  

     

    Exercise

    2 Exercise Classes

    Maike Schlosser M.Sc.

     

    Overview: 

    This course provides an introduction into public economics/finance. Public finance studies the role of the government in the economy. It basically answers questions: When should the government intervene? How might the government intervene? What are the effects of those interventions? How to predict and assess them? Why do governments choose to intervene in the way that they do?


    The aim of the course is to provide students with an understanding of the process of making public policies of the government and to endow them with the necessary skills to analyse, assess and/or design public policies. Students will learn the core theoretical models of public economics as well as modern empirical methods of public finance and econometrics. The focus will not lie on the theoretical details, but rather on the beauty of the different methods to provide answers to public policy questions.

    The lecture will cover the following topics:      

     I.        Introduction into public economics/finance and the cost-benefit analysis

         II.        Theoretical tools

       III.        Behavioural insights to public policy

       IV.        Empirical tools

         V.        Externalities

       VI.        Public goods

        

    Objective:

    Participants should be acquainted with the core theoretical models of public economics and well-informed about the basic empirical methods used nowadays for policy evaluation.

    Literature:
    Gruber, J. (2016): Public Finance and Public Policy, 5th edition, Worth Publishers, New York.

    Supplementary literature (as and where indicated in the lecture slides):
    Daniel, K. (2017). Thinking, fast and slow.

    Thaler, R. H., & Ganser, L. J. (2015). Misbehaving: The making of behavioral economics.

    Examination:
    Written exam (60 min.)

    Lecturer

    Prof. Christina Felfe de Ormeño, Ph.D.

    Bachelor/Master Seminar Labor Economics: «Nobel Prize 2021 – The credibility revolution»

    Less people die while riding a motorbike than people die while lying in bed. Does this imply that beds are dangerous? While in this case, it may be straight forward to understand the statistical fallacy, there are plenty of other interesting questions in which it is hard to disentangle cause and effect.  For instance, it is complex to understand the causal effect of education on wages, minimum wages on employment, or immigration on employment, just to name a few relevant questions.

    The Nobel prize winners, David Card, Joshua Angrist, and Guido Imbens have developed a statistical toolkit to answer these questions. These causal analysis methods require curiosity to find settings that resemble the experimental ideal – so called natural experiments – and creativity to find the appropriate data. With a natural experiment and the appropriate data at hand the methods to be employed to provide causal answers to interesting and relevant questions are straight forward.

    In this seminar, students shall be acquainted with the intuition and the theory of the state-of-the-art causal analysis methods and familiarize themselves with these methods by working hands-on. The seminar will consist of theoretical lectures (5 in total) and a series of case studies where students will replicate original work by the Nobel prize winners in their early years. Students are expected to hand in their code (either in Stata or in R) by May 31, 2022!

    The lectures will take place online (via Zoom) on Mondays from 10:30am – 12 pm on the following dates: April 25, May 2, May 9, May 16, and May 23, 2022.

    General information:

    The Chair of Labour Economics supervises Bachelor's theses in the area of labour, education, and migration economics. Topics usually relate to actual policy concerns, examples are discrimination, early child development, education, integration of immigrants, labour supply, peer effects, just to name a few. Theses should be of empirical nature using either primary (preferrably related to social politics in the region) or secondary data. The thesis can be written either in German or English. For more information regarding the formal and content-related structure of the thesis, see: Thesis Guideline

    Former thesis‘ topics:

    • The impact of parental benefits on parental gender norms
    • Gender stereotypes and occupational decisions of adolescents
    • Intergenerational changes for migrants in Germany
    • Acceptance of a universal basic income
    • Incorporating social identity into economic analysis

    Procedure:

    It is highly recommended to attend the bachelor seminar in labour economics (5 ECTS, Module "Ausgewählte Probleme der VWL") where the students can discuss their ideas, elaborate a literature review and familiarize themselves with the appropriate empirical methodology. The thesis will build on these skills.

    There is no list with prespecified topics, but each students approaches the chair with his or her own idea. Following a written application including a short description of the idea and the motivation as well as a transcript of courses and grades, conversations with the members of the chair will help to finetune the exact topic. A close supervision is guaranteed and desired throughout the whole process of thesis writing.

    For those who would like to repeat the exam in the current semester in Summer 2022, this will take place on the 26th. of July 2022 from 10:30 h to 11:30 h. The place will be announced here few days before the exam.

    Please send an e-mail with your stundent-id and your name und surname to the address vwl4@wiwi.uni-wuerzburg.de until to the 19th of July 2022 if you would like to participate in the exam.