Topics in Advanced Macroeconomics - ECON8820

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Canterbury
Spring Term 7 15 (7.5) checkmark-circle

Overview

The objective of this module is to introduce students to advanced topics in macroeconomics to enhance independent research. It builds on the macroeconomics that would be covered in Advanced Macroeconomic Theory such as dynamic stochastic general equilibrium theory. Specific topics will include:
• Open Economy Macroeconomics
• Financial Frictions
• Search and Matching
• Heterogeneous Agents
• Business Cycle Accounting
• Non-Linear Simulation Methods

Details

Contact hours

Total contact hours: 21
Private study hours: 129
Total study hours: 150

Availability

It will be an option module on PhD Economics and PhD Agri-environmental Economics

Method of assessment

• Presentation (25 minutes) (50%)
• Weekly Problem Sets (50%)

Indicative reading

A detailed reading list will be given in the module outline. The reading list will primarily refer to journal articles with a focus on very recent publications. But, books that will be core reading include:

* Ljunqvist, L. and T. Sargent, 2012, Recursive Macroeconomic Theory, 3rd edition, MIT Press.

* McCandeless, G., 2008, The ABCs or RBCs, Harvard University Press.

* Marimon, R. and A. Scott (eds) Computational Methods for the Study of Dynamic Economics, OUP.

See the library reading list for this module (Canterbury)

Learning outcomes

On successfully completing the module students will be able to:

8.1. systematically understand the economic intuition behind influential macroeconomic literature.

8.2. replicate in full the results of existing macroeconomic research using numerical solution methods.

8.3. handle macroeconomic data with confidence.

8.4. critically analyse cutting edge macroeconomic research.

8.5. show critical awareness of the most important issues in current macroeconomic research.

Notes

  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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