Advanced Macroeconomic Theory - ECON8810

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Module delivery information

This module is not currently running in 2024 to 2025.

Overview

The objective of this module is to bring students ability in macroeconomic theory up to the standard required for independent research. It builds on the macroeconomics that would be covered in a standard MSc program. Concepts that a student should be familiar with such as optimization and competitive equilibrium will be covered in more depth. Students will also be exposed to concepts that are at the forefront of modern research but not typically covered at the MSc level such as dynamic programming and structural estimation. Specific topics will include:

• Value function iteration
• Balanced growth path
• Calibration
• Linear solution methods
• Bayesian estimation
• Real business cycle model
• New Keynesian business cycle model.

Details

Contact hours

Private Study: 131
Contact Hours: 19
Total: 150

Availability

All students on PhD Economics and PhD Agri-environmental Economics.

Method of assessment

• Presentation (30 minutes) 50%
• Weekly Problem Sets (50%)

Reassessment Instrument: 100% coursework

Indicative reading

The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.

The most up to date reading list for each module can be found on the university's reading list pages.

See the library reading list for this module (Canterbury)

Learning outcomes

On successfully completing the module students will be able to:

1 Comprehensively understand and explain dynamic stochastic general equilibrium theory.
2 Comprehensively understand mathematical intuition behind quantitative methods.
3 Replicate in full the results of existing macroeconomic research using numerical solution methods.
4 Handle macroeconomic data with confidence.
5 Critically analyze cutting edge macroeconomic research.

Notes

  1. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  2. The named convenor is the convenor for the current academic session.
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