Monthly Archives: September 2016

Electives – Macroeconomic Theory

Macroeconomic Theory at UU was the second subject I picked and to be honest, it might have been the most challenging course I took last year. Partly this was due to the fact that most of my macro classes from the Bachelor level dated back incredibly far – yes, I am getting a bit long in the tooth. But the course covered quite a number of complex macro models in depth and I am not going to lie: there were lots of derivations.

The first part of the course dealt with economic growth, going through some neoclassical growth models like the Solow Model, the Ramsey-Cass-Koopmans Model and the Diamond Model. We also somewhat touched endogenous growth models in one lecture here. Afterwards we turned to consumption, especially the Permanent Income Hypothesis, so there was quite an emphasis on intertemporal consumption behavior.  We then spent two lectures on budget deficits and fiscal policy including tax smoothing and the Ricardian Equivalence, for example, and a debt crisis model.

The third part of the course was working towards explanations of economic fluctuations. It included the Real Business Cycle Model, but also the New Keynesian DSGE Model with sticky prices and imperfect competition.

The last two lectures then dealt with inflation and monetary policy.

Last year the lecture was held by Teodora Borota Milicevic, who in my opinion was an excellent and inspiring teacher. Unfortunately, she is not doing any teaching at the department this semester (as far as I know), so it is hard to tell whether the course will be similar to the one last winter.

However, if this year’s lecturer covers the same topics at least, you should be prepared for a really intense macro course, which will demand you to think abstract, do many mathematical derivations and remember several complex models. Though it was tough, I am really happy that I picked this course because it has widely enhanced my understanding of macroeconomics.

This is the link to the course page. Feel free to comment if you have further questions on this course!

Franzi

The Moose Dinner

I have finally done it. Even though I have always hoped to see a moose in the forest rather than to eat one, I didn’t neglect the opportunity to try this traditional Swedish meal.

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Right out of The Oven

One of my roommates’ father is a hunter, so her parents had given her quite a big piece of moose meat, which she wasn’t able to eat all by herself. So without further ado we cooked a really nice dinner last Monday. I actually have to admit that rather than preparing I was only eating, since I had an evening class.

My roomies served a chanterelles sauce, potatoes, salad and lingonberries with the meat. It was so delicious and I am grateful for the meal as well as the awesome company. The only drawback was that we had forgotten the wine 🙁

However, if you eat meat I really recommend you to try it!

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The Almost Final Version: I Forgot to Capture The Longonberries

Franzi

Electives – Management of Biological Resources

You might have realized that not all courses within Environmental Economics are mandatory. Actually only very few are. That offers you the opportunity to specialize the way you want to, but honestly: you’re also spoilt for choice. During my first year I more or less followed the recommended track. Still, I think reading about how I felt about my elective courses might help you guys making your decision. I will post about each of the 5 subjects I took last year before the application deadline on October, 17th (See antagning/ universityadmission for more information).

These are Management of Biological Resources, Macroeconomic Theory, Econometric Theory, Applied Econometrics & Topics in Econometrics.

Management of Biological Resources

After Analytical Methods and Microeconomics I was really excited about having my first course at SLU one year ago. Not that the first two courses weren’t interesting, but still I was thrilled to finally learn more about natural resources.

Regarding the content, the course equipped us with many basic definitions and distinctions between different types of resources, applied mathematical tools on resource economics and had a strong focus on time extension. Each week had a certain topic on which we had lectures as well as seminars (exercise sessions). The first of these topics was forestry, which mainly dealt with optimal rotation lengths of planting and harvesting forest. After that we learnt about fishery, especially about differing impacts in open access versus private fishery models. This part also included a discussion of various policy instruments. Following that we talked about nonrenewable resources and how these should (or should not) be extracted. Also, sustainability has become a big buzzword during the last years, so of course there was one week dedicated to that as well. Here the emphasis was on ethics, welfare economics and different concepts of sustainability. The last class was about stock pollutants and mainly explained how the use of resources can lead to stocks of various pollutants and which policies there are to counter this process (like emission taxes or permit trading).

In my opinion the course covered quite a broad range of topics, albeit rather superficial. So for me – who had never done any resource management before – it felt like a good introduction. However, if you have done some of the above-mentioned topics before, it might be a bit repetitive. Another interesting point is that even though Prof. Ing-Marie Gren is the course leader, all lectures and seminars were held by advanced PhD students.

The class size was quite small (< 10 students), which enabled an intense and open learning environment. Apart from that and the highly interesting content, I liked the application of economic modelling on environmental issues the most.

If you think that sounded interesting I would really recommend you to take this course. Feel free to comment if you have further questions about this! Also you will find more information at the course page.

Take care!

Franzi

Kulturnatten 2016

Last Saturday (10/09) Uppsala’s annual culture night – Kulturnatten – took place. The name culture night is a little misleading, because the event is happening throughout the whole day. Since the weather was preeeetty decent last weekend, there were lots and lots of people strolling through the city to enjoy a wide range of shows, happenings and tasty treats.

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Singing Waste Bins

At Stora Torget for example dance schools and sports clubs were demonstrating their skills. Close to the cathedral professional fence fights were performed and in the botanical garden you could marvel at traditional arching. Even if you are not burning for any of these activities, Kulturnatten is a really nice opportunity to just get out there and explore new things about Uppsala; or to just enjoy some seriously good candy in the sun.

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The Widest Variety of Delicious Chocolate Balls (Augusta Jansson’s)

As the name of the event suggests the really cool stuff is happening in the evening. There are concerts and shows all over the city, ranging from a choir in the amazingly illuminated cathedral, to rock concerts at the many open air stages, workshops (like one for playing the ukulele), the beautiful fire show in the botanical arden or the – at least for me – nerve-racking jousting with actual horses and people dressed up in medieval costumes.

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Very Impressive Fence Fight

If you want more than strolling around, I strongly recommend taking a look at the program before visiting Kulturnatten though, since the possibilities are merely inexhaustible. Kulturnatten offers something for everyone and you should make sure not to miss out on it next year! (You can find more information about Kulturnatten on their official website!)

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Arching in the Botanical Garden

 

Have a great start into this week!

Franzi