PhD macro II

ECS507 PhD macro II

Spring 2020

Autumn 2019
  • Topics

    This course is designed for 1st Year PhD students. We will use a  basic Real Business cycle (RBC) model as a workhorse to introduce money and labor market frictions in turn. Knowledge of a basic RBC model is a prerequisite.

    The models we use and tools we learn is of interest even if you do not wish to become a macroeconomist. Several features, such as monopolistic competition, discrete choice, incomplete information, are used in other fields as well.

  • Learning outcome

    On successful course completion, the student will be able to:

    Knowledge

    • discuss how to introduce money into RBC  models
    • solve for optimal monetary policy, with a highlight of open questions after the 2008 recession
    • assess the consequences of basic  labor market imperfections

    Skill

    • formulate and solve a dynamic optimization problem
    • solve system of linear equations using log linearization

    General competence:

    • master  how to think in a model
    • build a research idea

  • Teaching

    Plenary lectures.

  • Assessment

    TBA.

Overview

ECTS Credits
7.5
Teaching language
English.
Semester

Spring. Not offered spring 2020.

Course responsible

Associate Professor Krisztina Molnar, Department of Economics.