Aller à : contenu haut bas recherche
 
 
EN     FR
Vous êtes ici:   UNIL > HEC Inst. > HEC App. > SYLLABUS
 
 

Dynamic Macroeconomic Models

  • Teacher(s):   J.Brumm  
  • Course given in: English
  • ECTS Credits: 6 credits
  • Schedule: Autumn Semester 2021-2022, 4.0h. course (weekly average)
  •  sessions
  • site web du cours course website
  • Related programme: Master of Science (MSc) in Economics
  • Permalink:



       

 

Objectives

This course is an introduction to the concepts and techniques of quantitative macroeconomic modelling that are used in academics and in many institutions (central banks, IMF, etc.). The students are acquainted with workhorse models of dynamic economic modeling, are prepared to apply algorithms and numerical methods to studying macroeconomic problems, and gain insights into state-of-the-art macroeconomic research.

Contents

1) From Ramsey to Judd: The Ramsey model and many ways to solve it

2) From RBC to DSGE: Representative agent models with and without nominal frictions

3) From Aiyagari to Krusell-Smith: Heterogeneous agent models with and without aggregate risk

4) From Samuelson to Blanchard: Overlapping generations models with and without uncertainty

5) From Smolyak to Neural Nets: Advanced global methods for high-dimensional problems

References

  • Heer, Burkhard, and Alfred Maussner (2009). Dynamic general equilibrium modeling: computational methods and applications. Springer Science & Business Media.
  • Ljungqvist, Lars, and Thomas J. Sargent (2018). Recursive
    Macroeconomic Theory. MIT Press.
  • Judd, Kenneth L. (1998), and Kenneth L. Judd. Numerical methods in economics. MIT press.

Evaluation

First attempt

Exam:
Written 1.5 hours
Documentation:
Not allowed
Calculator:
Not allowed
Evaluation:

Evaluation will be based on 4 quizzes and a final exam.

The lowest score on the quizzes is dropped.

Grade: 50% quizzes + 50% final exam

Retake

Exam:
Written 1.5 hours
Documentation:
Not allowed
Calculator:
Not allowed
Evaluation:

Grade: 100% final exam.

Note that the quizzes are not taken into account.



[» go back]           [» courses list]
 
Search


Internef - CH-1015 Lausanne - Suisse  -   Tél. +41 21 692 33 00  -   Fax +41 21 692 33 05
Swiss University