PhD Macroeconomic II

ECS506 PhD Macroeconomic II

Autumn 2019

  • Topics

    This course is designed to give first year Ph.D. students an introduction to a broad selection of topics in advanced macroeconomics. The course should give a good understanding of major issues in modern macroeconomics - and should provide the necessary background for other more specialized courses in various macroeconomic subfields. The course will cover a broad selection of the following topics:

    - Neoclassical growth models: Solow and Ramsey models

    - Overlapping Generations (OLG) models

    - Endogenous growth

    - Real Business Cycles and dynamic stochastic general equilibrium theory

    - Consumption

    - Fiscal Policy

  • Learning outcome

    By the end of the course the students achieve the following learning outcomes:

     

    Knowledge

    • understand workhorse models in modern real macroeconomics;
    • use basic mathematical tools to solve a macroeconomic model;

     

    Skills

    • understand how to build a model to analyze macroeconomic research questions;
    • analyse economic questions with modern macro models;
    • model explicitly individual decision making, and then analyse aggregate behavior;

     

    General competence

    • communicate research questions, solution methods and answers clearly.

  • Teaching

    Lectures and mandatory assignments.

  • Recommended prerequisites

    It is assumed as a prerequisite that students are familiar with macroeconomics at an intermediate (Masters) level.  

  • Requirements for course approval

    Participation in lectures and completion of mandatory assignments.

  • Assessment

    4-hour written school exam. The exam answer must be in English.

  • Grading Scale

    Pass/Fail.

  • Literature

    The main textbook is David Romer (2006) Advanced Macroeconomics. The readings will be supplemented with chapters from textbooks and with lecture notes. The actual reading list will be presented at the start of the course.

Overview

ECTS Credits
7.5
Teaching language
English.
Semester

Autumn. Offered autumn 2019.

Course responsible

Professor Gernot Doppelhofer, Department of Economics.