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TU Berlin

Inhalt des Dokuments

Abschlussarbeiten / Theses

The Chair of Macroeconomics offers bachelor and master theses' in different research areas. You can suggest your own topics if they fit to the research focus of the chair.

General Topics
e.g. economic growth, emplyoment, income distribution
Monetary Policy
e.g. inflation, interest rate policy, (un-)conventional monetary policy, inflation expectations
Fiscal Policy
e.g. stimulus packages, government debt
Financial Crises
e.g. bubbles, systemic risk, bank runs
International Trade
e.g. trade aggreements, welfare gains
Experimental Economics
e.g. social preferences, strategic uncertainty, survey methods, rational inattention, coordination
Behavioral Economics
e.g. nudges and their applications, loss aversion, choice overload, cognitive load, learning
Behavioral Finance
e.g. overconfidence in markets, disposition effect, cognitive ability in markets, extrapolative expectations
Industrial Organization

e.g. market power, concentration, price transmission

Recent topics suggestions of the chair

Topic: The cash paradox

Content: In many countries a seemingly contradictory trend is observable: While the amount of cash in circulation stays constant or is even rising, the share of used in transactions is steadily declining. This phenomenon is also called “cash paradox”. The aim of the thesis is to give a comprehensive overview of the cash paradox and how it can be resolved. For this, the thesis should first give an empirical overview over the cash paradox. This lays the basis for a critical review on how the cash paradox can be explained in the formal model by Jiang and Shao (2020). This should then be complemented by a discussion how factors in the present environment – such as current trends in the payment market, the corona pandemic or the interest rate environment – affect the cash paradox. Based on the previous analysis, an outlook on the demand for cash should be made.


Jiang, J. H. and Shao, E. (2020) The cash paradox, Review of Economic Dynamics, Volume 36, Pages 177-197, ISSN 1094-2025, https://doi.org/10.1016/j.red.2019.09.003.

Engert, W.; Fung, B. and Segendorff, B.(2019) : A tale of twocountries: Cash demand in Canada and Sweden, Sveriges Riksbank Working Paper Series, No.376, Sveriges Riksbank, Stockholm.

Esselink H. and Hernández L. (2017) The use of cash by households in the euro area, ECB Occasional Paper Series, No 201 / November 2017.

Bech, M. L., Faruqui, U., Ougaard, F., & Picillo, C. (2018). Payments are a-changin’ but cash still rules. BIS Quarterly Review, March.

Research Area: Macroeconomics


Students who would like to write a thesis at the Chair of Macroeconomics should have completed the basic course "Macroeconomics" (AVWL II) and at least one further course at the Chair or an equivalent course at another university. Ideally you have also completed one of our bachelor's or master seminars. Theses can be written in German or English, however, the ability to read scientific papers in English is indispensable.

Students who want to apply should hand-in a proposal in which the following questions are addressed:
(Formatting: 1-2 pages, Arial/Times New Roman/Calibri, 12pt, 1.5-2.0 line spacing, English or German)

1. What are the key research questions?

2. Why are these interesting questions and non-trivial to answer (motivation)?

3. What scientific literature (e.g. peer-reviewed journal articles), methods and/or model(s) will be used?

Please send your proposal and a current version of your transcript of records to or to . Please make sure to provide the following information:

  • Your name and your student ID number
  • Your subject of study and your area of specialization
  • The prefered starting date to write the thesis

If you like, you can use the following template for the proposal: thesis_proposal

Further information

Please inform yourself independently about the conditions (application, deadlines, etc.) of writing a thesis. You can get the relevant information at the examination office (Prüfungsamt) and/or in the study and examination regulations of your study program.

Important: Please avoid plagiarism!

Zusatzinformationen / Extras