ECS507 PhD macro II
Spring 2020Autumn 2019
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.
On successful course completion, the student will be able to:
- 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
- formulate and solve a dynamic optimization problem
- solve system of linear equations using log linearization
- master how to think in a model
- build a research idea
- ECTS Credits
- Teaching language
Spring. Not offered spring 2020.
Associate Professor Krisztina Molnar, Department of Economics.