Macroeconomics II
Objectives
Macroeconomics mainstream modelling
Macroeconomic transmission and amplification models
Solution of non-linear stochastic systems of differential/different
equations
Sources of macroeconomic fluctuations
Normative prescriptions for macroeconomic fluctuations
General characterization
Code
6119
Credits
8
Responsible teacher
TBA
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
n/a
Bibliography
TBA
Teaching method
Lectures, class participation, homework and final exam.
Evaluation method
The final exam is worth 60%, homework 40%. Participation in class can add a 10% bonus.
Subject matter
Neoclassic and new-Keynesian work-horses model both in continuous and discrete time with solutions techniques that can be implemented on a computer, but the emphasis is on understanding the link between the model assumptions and the economic implications. In the extension part the professor presents recent research frontier topics such as zero-lower bounds economies, coordination and beliefs in macroeconomics and taxation.