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Chair of Economics, in particular Macroeconomics

Information on the courses of the Chair.
 
Evaluation of teaching (Winter Semester 2014/2015) published
The evaluation of the courses “Makroökonomie”, “Macroeconomics” and “The Law and Economics of European Competition Policy” are now published under Evaluation of Teaching. We would like to thank all students who assisted in the evaluation!
 
German expansionary fiscal policy - a help for crisis countries?

In a current contribution Prof. Dr. Karl-Heinz Moritz and Prof. Dr. Georg Stadtmann examine whether an expansionary fiscal policy in Germany can lead to a stimulation of the economy in the crisis-ridden peripheral countries of the monetary union. Thus, an up-to-date issue of the European economic policy is taken up. Based on different theoretical approaches it is shown that this policy is wrong: On the one hand, the growth impulse in Germany would encounter full capacity utilization, so that an increase of the German GDP will be unlikely. Furthermore, it should also be taken into account that the exchange rate to the non-EMU countries could also react. An appreciation of the euro would neutralize the expansionary effect on the German GDP. An appreciation of the euro would also cause the peripheral countries to fall even further behind, thus, Germany's expansionary fiscal policy seems to be the wrong way. If, for example, one wants to help people of Greece then financial transfers from Germany to Greece seem to be a more direct way to moderate the effects of the crisis. Another alternative could be a less restrictive fiscal policy of the crisis countries.

Deutsche expansive Fiskalpolitik - eine Hilfe für die Krisenländer? (mit K.H. Moritz), Das Wirtschaftsstudium (WiSu), Vol. 43(7), 2014, 901 - 906.
 
Schlag den Prof.Conferral of a doctorate to Oliver Hutengs

With a successful disputation of his dissertation topic "Analysing European Countries‘ Unemployment Trends with Okun’s Law" Oliver Hutengs was now awarded a doctorate (Dr. rer. pol.) as the first research assistant of the Chair. Congratulations!
 
Chair's report 2013/2014
The Chair's report for winter semester 2013/14 and summer semester 2014 is now available for download (in German).
 
Schlag den Prof.Beat the prof

In the framework of the Summer Festival the student body of the faculty of Economics organized a game without limits under the title „Beat the prof“. Prof. Dr. Georg Stadtmann took on the challenge of competition against Markus, a student in his second semester.

Read further>>>

 
Note regarding the module "Angewandte Wirtschaftstheorie":

The module was ultimately offered in winter semester 2013/2014. In the future you can offset this module with any module which is part of the optional modules of "European Economics" within the scope of the Bachelor's programme International Business Administration.

Further information>>>

 
Ten years since Eastern European expansion

On the 1st of May 2014 it is the 10th anniversary of the Eastern European expansion. It is time for an interim conclusion. An interesting article on this topic can be found here.

 
The Case Centre: Membership successfully applied for & 1st Viadrina Case Study online

Dear colleagues,

finally the time has come: Viadrina was accepted as a member of the Case Centre and thus we are now able to join the illustrious group of distinguished Business Schools. Here the list of all participating schools.

Furthermore, our first case study is now also online and will surely be advertised in the next newsletter to all institutions. Once a year one gets a list of how often the case was used in other schools. I am excited and will report on it when the time comes.

If someone is interested

  • in writing own cases and offer these to the Case Centre
  • or in participating in a seminar on "Writing a case study" or "Use of case studies in the teaching"

then you can contact me.

Best regards + good luck

Georg Stadtmann

Case Centre Homepage>>>

 
DPWSGerman-Polish Science Foundation (Deutsch-Polnische Wissenschaftsstiftung, DPWS) promotes

The Chair of Macroeconomics successfully participated in tha last tender round of DPWS with a project on youth unemloyment. With regard to youth unemployment there were very different developments in different European countries. While in Germany there are no major differences between the development of youth unemployment and the general development of unemployment rates, in other EU countries the younger generation is much more exposed to the economic development. The researchers of the Chair are already dealing with this phenomenon for a longer time. Prof. Dr. Georg Stadtmann explains: „Now we will try to place a special focus on the German-Polish comparison. In a first phase Poland overcame the world economic crisis relatively well. But now there are clear impacts on the labor market.“ Oliver Hutengs is also glad: „In the near future I will - hopefully successfully - complete my dissertation project on the unemployment in Europe. I am glad that this research can now be continued due to the financial support of DPWS. Maybe I still can familiarize my successor with the topic.“

DPWS Homepage>>>

 
WISUCooperation with the university in Pskov (Russia) started

In November 2013 a delegation of the university in Pskov visited Viadrina in order to explore the possibilities of a teaching cooperation in the field of economics. Together with International Programs, Professor Keiber (Finance) and Professor Stadtmann (Macroeconomics) one assembled and exchanged views on teaching concepts and contents. It soon became clear that there is a big overlap with regard to contents and thus, for a start, an exchange of teaching materials in form of module descriptions, exams and online tutorials was agreed upon. This exchange has already taken place and for the year 2014 there are further visits at the Viadrina and in Pskov palnned. In the framework of these stays co-teaching modules shall be implemented. Pskov (in German also Pleskau) is a large city in the northwestern Russia with approx. 200.000 inhabitants, it is located about 290 km southwest of Saint Petersburg and close to the border of Estonia. 
 
WISUProf-Homepage of the month

The Chair of Macroeconomics was awarded by the journal Das Wirtschaftsstudium (WiSu) with the award "Prof-Homepage of the month" for its excellent homepage.

Prof. Stadtmann: "A cordial thanks to all persons involved in the maintenance of the homepage and in the preparation of the reports and pictures. Let us continue this also in the next year and give all students, staff and interested externs insights into our research and teaching."
 
The first German-Polish founding conference „Venture Across“

On the 29th of November the first German-Polish founding conference „Venture Across“ will take place in Frankfurt(Oder)/Slubice and you are cordially invited to this event. The program includes: exciting presentations, interactive workshops, pitches, speed-networking as well as a closing party with live music.


Read further>>>

 

trading_screenDoes the solar industry in Germany have a future?

Within the scope of the course "Angewandte Wirtschaftstheorie" two speakers of practical experience, Prof. Dr. Hans Richter (chairman of GFWW) and Dr. Klaus Kalberlah (CEO of Eurosun Solar), visited Viadrina on 14th of November.

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trading_screenWith a little help from Mr. Khanloo

On 01.11.2013, Mr. Kourosh Khanloo from Forex Capital Markets Ltd. (Berlin) served as a guest speaker in the lecture Applied FX Trading organized by Viadrina professor Georg Stadtmann. The overall topic of his course was B|Orders in Motion – The FXCM trading platform. He gave a very good introduction and an excellent overview of this powerful trading tool. The talk was closely related to the overall research and education theme B|Orders in Motion of the European University Viadrina. Khanloo talked about the different styles of market orders such as Market Range or At Best Orders which give you either price certainty or execution certainty. Hence, these two different order types vary with respect to the permeability of the order. So called Entry Orders are not executed directly, but only after the market rate crosses the border defined by the trader. In this respect we will learn to distinguish Limit Entry and Stop Entry Orders. We will also learn how we can modify or cancel entry orders.
Weiterlesen>>>

 
Shiller180 ©FlöteGeorg Stadtmann congratulates his colleague Robert Shiller on the Nobel Prize 2013.

The picture was taken during the Global Finance Conference that took place at the Trinity College in Dublin.

 

Lecture series: Lecture notes are available for download.

 

BildZZ_klein ©Georg StadtmannReal Estate Economics Workshop 2013

At the site of the coal-mine Zollverein 30 years ago the coal was mined. Today, this site is a UNESCO world heritage. It is used as an event site as well as a museum. Instead of polluted air you can breathe clean air - the Ruhr area is nowadays the most green metropolitan region in Germany. The structural change happens here live and also the Real Estate Economics Workshop took place here on 12th and 13th of September 2013.

Read further>>>

 

ATTENTION!

Beginning with the winter semester 2013/2014 there is an obligatory registration period for each exam of an examination period (end of the 1st block, end of the 2nd block, follow-ups) during which you have to register for all exams of the relevant examination period. For the winter semester the registration periods can for example look as follows:

  • For the exams at the end of the 1st block: the first two weeks in November
  • For the exams at the end of the 2nd block: the last two weeks in January
  • For the follow-up exams: the last week in February and the first week in March
 
Newspaper article in the Welt: Youth unemployment costs 227 billion Euro

Newspaper article >>>


 
Researcher of the Chair in the MOZ

In the issue of the Märkischen Oderzeitung from 22.08.2013 there is a report on the research of the Chair on the theory of the industrial life cycle. This topic is currently of a special importance for Frankfurt (Oder) since the solar industry is affected by a massive "shakeout".

To the newspaper article >>>

Working paper (in German) >>>


 
ProfAward2013_1 ©Heide FestProf. Georg Stadtmann wins "ProfAward"

The students of the Economics department at the European University Viadrina Frankfurt (Oder) have chosen their favourite professor. The first winner of the newly-created "ProfAwards" is Prof. Georg Stadtmann. The goal is to make the evaluation of the lecturers more transparent and at the same time to create incentives for an improvement of the courses. The selection was based on three criteria: Knowledge transfer, use of media and student support.

Newspaper article in the MOZ>>>

 
Passofundo_1 ©www.passofundo.deViaRunning: Donation to Passo Fundo transferred

After a magnificient run in May now the last receipts could be posted and a billing generated. Overall, an amount of 600,- € was transferred to the Study Support Organization Passo Fundo. Once more many thanks and great praise to the whole organizing team.

Passo Fundo website>>>

Newspaper article in the "MOZ">>>

Newspaper article in the "Märkischer Markt">>>

 
MOZ: The youths are hit the hardest

Economics professor Georg Stadtmann describes in the MOZ series "Woran ich arbeite" ("What I am working at"), his reasearch on the youth unemployment in the European Union.

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The Chair is co-applicant within the scope of the B|Orders-in Motion-tender

The Chair of Macroeconomics takes part in the B|Orders-in-Motion-tender with an application for the funding line 1. With regards to the contents it is an interdisciplinary project on the research of real estate sectors in Europe and their influence on the economies. The application is supported by the professors Dreger, Keiber and Lowitzsch. For your information and for a higher transperency of the procedure the application can be downloaded as PDF document. I wish you a pleasant reading.

Download the application (in German)

 
Chair's report 2012/2013
The Chair's report for winter semester 2012/13 and summer semester 2013 is now available for download.
 
Zeche1_180 ©BananeB|Orders in Motion: Esclator in the coal washing plant

In preparation for a workshop in the Ruhr region city Essen Prof. Dr. Stadtmann made an excursion to the former pit of the coal-mine Zollverein. The shut down coal-mine was a central location of the European capital of culture and now houses several museums, restaurants and seminar rooms. Further information about the UNESCO world heritage site can be found at www.zollverein.de. In September 2013 a workshop on real estate economics that is organized together with University Essen and the Helmut-Schmidt-University Hamburg shall take place on this site.

Read further>>>

 
ViaRunning 2013
On Wednesday, the 8th May 2013, at 7 p.m. it's time again: ViaRunning is on the schedule and the three departments are competing with each other in a track racing on a two by two kilometres run-out. The department that is able to mobilize the most runners wins. A barbecue stand takes care of the physical well-being, a band takes care of the musical entertainment. The entry fee of 3 € (4 € without prior application) will be donated to a Brazilian Studies Organization Passo Fundo. Please apply per e-mail to viarunning@europa-uni.de: Just state in the subject line your departement as well as your first and last names.

Official flyer

 
Hart_aber_fair_180 ©LS MakroGeorg Stadtmann checking the facts in "hartaberfair"
Viadrina-Professor Georg Stadtmann is checking the facts in the broadcast "hartaberfair" by ARD on 25.03.2013: The cas of Cyprus - who can still be trusted in Europe?

Read further>>>

 
Zeitungsartikel_Headline ©LS MakroNewspaper article in the Welt: The youth is the biggest loser of the crisis
The burdens are more unfairly distributed than expected: While young people fight for their jobs, older people are hardly affected.

Read further on welt.de>>>.

Original study: Age effects in Okun's law within the Eurozone, O. Hutengs, G. Stadtmann, Applied Economics Letters, Vol. 20, Iss. 9, 2013.

Free Working Paper.

 
Guest researcher from Poland at the Viadrina
The Polish researcher Aneta Hryckiewicz (Kozminski University, Warsaw) accepted an invitation for a research stay at the Viadrina and will spend the next two weeks at the Viadrina. Mrs. Hryckiewicz is a co-author of Oskar Kowalewski (currently a DAAD guest professot at the Viadrina) and has already published various papers and working papers together with him. Aside from discussions about the research we will also intensely exchange views on International Banking. The staff members of the Chair of Macroeconomics wish a pleasant teaching with regard to forms and contents during the stay and a productive time at the Viadrina.
 
IMG_1106_scaled_180 ©LS MakroB|ORDERS in Motion visits the Kozminski University.
In the framework of the project "Research cooperations with Baltic See states" a third event took place. After a successful start in Sønderborg at the University of Southern Denmark and a further event at the Viadrina, now Oskar Kowalewski took the lead and organized a colloquium at the Kozminski University in the field of International Economics & International Banking.

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Shanghai_02_scaled_180 ©Prof. Georg StadtmannB|ORDERS in Motion: The sky is no limit
That borders are in motion also in China Professor Georg Stadtmann could witness first hand on the occasion of a conference participation in Shanghai. If you are standing at the waterside promenade of Pudong, there is the old building of the former British district behind you. The old clock in the toll building gives a stroke of the bell every quarter of an hour that is not inferior to Big Ben. According to a legend this stroke of the bell protects the city from the fires: The superstitious Chinese believe that the fire god spares the city because he mistakes the constant tinkling for fire alarm and thus preserves the city from further disaster.

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Rudolf v. Bennigsen-Foundation promotes: Partial scholarship for the MBA-Program
The Rudolf v. Bennigsen-Foundation for Science and Education offers in the context of the MBA-Program in 2013 as well as in 2014 a partial scholarship for female participants from a CEE-state. Dr. Hans-Georg Lilge – the head of the MBA-Program – and Prof. Dr. Georg Stadtmann express their sincere thanks for this support. „We have a splendid program which is very well-positioned concerning the contents and competitive on the market. It is wonderful that our work was honored and it shows that the MBA-Program is worthy of promotion.“

Further information on the program >>>

 
Starke_01_scaled_180 ©LS MakroB|Orders in Motion: Industrial dynamics does not stop at borders
The CEO of the Frankfurter branch of Conergy AG came to European-University Viadrina and lectured in the framework of Prof. Stadtmann’s course Angewandte Wirtschaftstheorie on the situation in the photovoltaic industry. He gave insights into the tremendous cost pressure within the industry which was triggered by a considerable price decline: „If prices for completed modules decline by more than 40 % in 2011 it cannot be made up for by raising productivity. Then there must be a consolidation in a wider context“, explains he the competitive situation in the industry and the consequences for his company. But what is in turn the reason for the enormous price decline? Starke makes considerable overcapacities on the market responsible for this development: If the supply is greater than the demand the price decreases!

Read further>>>

 
Heitzer_1_600_400 ©Bild Heitzer 1People who cut corners will never arrive at home
State Secretary Dr. Bernhard Heitzer puts his guest lecture at the Viadrina under this motto. Dr. Heitzer gladly accepted the invitation of Viadrina professor Georg Stadtmann and met the Frankfurter student body in the fully occupied Audimax.

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Euro_scaled_180 ©LIT VerlagThe future of the monetary union
Together with Helmut Schmidt, Vaclav Klaus and Arnulf Baring, among others, the members of the Chair pursue the question concerning the future of the monetary union. They examine in their article how different European labor markets absorb shocks. It appears that a symmetric GDP-shock leaves traces of a varying degree on the labor markets in different countries – with respective consequences for the social systems. Thus, even symmetric shocks trigger asymmetric reactions.

 
Greet_02_scaled_180 ©LS MakroMeat & Greet 2012
In the year 2012 the Chair of Macroeconomics again used the opportunity to gather the Economics students of Viadrina to „Meat and Greet“. This yearly tradition of meeting at the beginning of the winter term gives newcomers and “old hands” as well as professors and research assistants the opportunity to become more familiar with each other. As in the past years, Prof. Stadtmann started the social circle with an introductory presentation in the lecture room and introduced himself and of course also the studies at the Viadrina.

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image11_klein ©LS MakroB|ORDERS in Motion – Participants of the Real Estate Workshop in the Wall Museum
Where can the permeability of borders be better explained than in the Wall Museum at Checkpoint Charlie in Berlin? Directly at the first exhibit - a rebuilded VW Beetle - you begin to sense what hardships the people have gone through in order to overcome the Wall.

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Skak_180 ©LS Makro At the right of the picture: Morten Skak (University of Southern Denmark) explains the Five Finger Development Plan in the region around Copenhagen: The fingers can be covered by buildings, between the fingers green spaces for recreation shall remain.
 
SönderborgBorders in Motion – Summer School at the Department of Border Region Studies
What is the importance of the crossborder trade on the German-Danish border and which influence does it have on the economy structure on both sides of the border?

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Space in MotionSpace in Motion - Group Projects (Soft-Skill ECTS)
The Chair of Macroeconomics offers students the possibility to acquire the necessary Soft-Skill ECTS through common group work (3-4 students). Three projects are provided for selection: Organization of ViaRunning, creation of a Bachelor graduates' brochure and the design of university merchandise.

Further information and registration >>>

 
WiWi-TalentsProf. Stadtmann supports WiWi-Talents program
The results from the 15th round of the WiWi-Talents program are in. Out of the over hundred applications 12 talented students were taken into the program.

WiWi-Talents gives its thanks: "Your expert opinion is a very important selection criterion for the acceptance in our talents program, therefore we would like to thank you sincerely for your support. We will be pleased if you could recommend your most talented students also for the next round of our talents programm. We would like to honour your commendable support for a sustainable and career-enhancing program with the WiWi-Talents logo. This logo is a special recognition for those Chairs that support their
talents and set a good example for countering the shortage of highly skilled people."

 
Oderknirpse2012Oderknirpse explore Viadrina
This year again Oderknirpse visited Viadrina and were happy about the lecture of Prof. Dr. Stadtmann.

Read further >>>.

 
 
ViaRunning - Newspaper article "Schwitzen für brasilianische Stipendien"

To the article of the Märkische Oderzeitung >>>

 
Topic for a master thesis - In research cooperation with a company
The Chair of Macroeconomics offers an interesting project for a research cooperation with the company 50 Hertz Transmission, which is headquartered in Berlin. 50 Hertz is one of the biggest German transmission network operators and provides electricity for millions of households and companies.

They search for a Master student with knowledge in empirical research who is interested in a cooperation with a leading company. The project work is refunded.

To the topic (only in German) >>>

 
Peter BofingerEconomist Peter Bofinger visits Viadrina – Ways out of the euro crisis
Viadrina-professor Georg Stadtmann invited a colleague from Würzburg, Professor Bofinger – a member of the German Council of Economic Experts –, in order to discuss the crisis in Europe. At first, Bofinger introduces to the still young second-term students the basic problems of macroeconomis...

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Studying before the university-entrance diploma - Study programs for high-school graduates at the European University Viadrina
In the framework of the Junior studies the pupils from the senior years of secondary school have now the possibility to participate in selected courses and to acquire a certificate which is recognized for the studies later on. In the upcoming summer semester the economist Prof. Dr. Georg Stadtmann explains the causes of unemployment, business cycles and inflation in his course „Introduction to Macroeconomics“.

Read further >>>

 
Federal Ministry funds
Federal Ministry of Education and Research is funding the research activities of the Chair of Macroeconomics. Within the scope of the Federal Government's strategy for the internationalization of science and research the Ministry supports the establishment and expansion of innovative R&D networks with partners in the Baltic Sea region.

Prof. Dr. Georg Stadtmann explains: „This financial support offers the possibility to expand the existing research collaborations, for example with the University of Southern Denmark. Furthrmore, a collaboration with a Polish partner shall be strengthened as well. With regards to content, on the one hand, the focus will be on the PhD training. On the other hand, a possibility of an application of an international syndicated research shall be explored with regards to different concrete research topics (wind energy, oil price development).“

 

 
Einladung 2012New Year's reception of FINE-chairs 2012
As in the past year, the chairs of the FINE-track invited their students to a New Year's reception in January 2012. Afterwards, the discussions continued in a familial circle and the students had the opportunity to get to know their professors in a relaxed atmosphere.

Read further >>>

 
PassoFundoAcademic Support Organization Passo Fundo grateful to Viadrina
Within their annual report the Academic Support Organization Passo Fundo gratefully thanks all runners of the Viadrina who took part in this year's ViaRunnung. The organisation awards scholarships to indigent Brasilian Students who in return try to help their urban district. More Information under www.passofundo.de or in the annual report.

 

Annual Report (German) >>>

 

KochhausKochhaus at the Viadrina
Within the framework of the lecture „Applied Economics“ Prof. Dr. Georg Stadtmann invited one of the founders of the young Berlin startup “Kochhaus”, Max Renneberg, for a guest lecture at the Viadrina. Kochhaus is a grocery which is all about you doing the cooking; therefore, the edibles are being sorted according to recipes. The first shop was opened in September 2010 in Berlin/Schöneberg.

 

 

2nd edition of "Meat & Greet"
On 19.10.2001 the second edition of the popular „Meat & Greet“ event took place at the Viadrina; again students of Economics from all semesters were given the opportunity to meet their professors for an informal exchange.

 

Former doctoral researcher announced Professor in Macroeconomics
Rosemarie Koch (30), former doctoral researcher at the Chair of Macroeconomics, has been announced Professor in Business Studies with focus on Financial Management, Controlling & International Laws at the University Rhein-Waal. Belonging to the faculty of Communication & Environment, Professor Koch will mainly contribute to the BA studies “International Business & Social Sciences”; teaching will be held in English.

 

The university Rhein-Waal was announced victorious in an entrepreneurial competition held by the government of the state Nordrhein-Westfalen in order to found a new university. Having opened in 2009, the university now accommodates around 700 students, enrolled in four faculties: Communication & Environment, Technologie & Bionics, Life Sciences and Society & Economy. In the future the university is supposed to accommodate up to 5000 students, attracting them especially thanks to the international focus (70% of the courses are being held in English).

The Faculty of Business and Economics therefore sincerely congratulates Prof. Koch and wishes her all the best in her new position.

 

 

Evaluation of teaching (Summer Semester 2011) published
The evaluation of the courses “Makroökonomie” and “Macroeconomics” are now being published under Evaluation of Teaching.

 

RosemarieFirst doctoral researcher at the chair awarded a doctorate
Dr. Rosemarie Koch successfully defended her doctoral thesis on “Aufsätze zur Vorstands- und Aufsichtsratsvergütung in Deutschland”. In her thesis Ms. Koch dealt with various forms of compensation for institutions in Germany; several articles of the cumulative dissertation have been published in both national and international journals.

For her private and academic future the Chair of Macroeconomics wishes Dr. Koch all the best.

 

Chair supported by German Federal Bank
In the future the research of the Chair of Macroeconomics at the Viadrina will be supported by the “Stiftung Geld und Währung” (Foundation of Money and Currency) of the German Federal Bank. In cooperation with Prof. Christian Pierdzioch of the University of the German Federal Armed Forces in Hamburg the Chair will research the topic of development of expectations in various financial markets.
Herding von Prognostikern: Eine empirische Analyse von Devisen- und Goldmärkten
 

We therefore sincerely want to thank the German Federal Bank for enabling this project.

 

 

KnirpseAlong with Professor Stadtmann – preschoolers from the day-care centre „Oderknirpse“ at the Viadrina
For a second time Prof. Dr. Georg Stadtmann invited children aged between 5 and 6 years for a “lecture” at the university. The kids took part excitedly in a quiz and are already looking forward to returning next year.

 

 

NashGeorg Stadtmann in dialogue with John Forbes Nash Jr.

During the „Campus for Finance“ Conference at the WHU – Otto Bensheim School of Management – the Strategy Research Network (SRN) has organized a New Year’s Dinner. Nobel Laureate John Forbes Nash Jr. provided the highlight of the evening with his Dinner Speech.

Georg Stadtmann: “For all involved it was impressive; every business student knows the Nash Equilibrium. So it’s great meeting this genius in person.”