Students must have completed EC881 Advanced Macroeconomic Theory
OverviewThe 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
7 x 3 hour seminars
Method of assessment
On successfully completing the module students will be able to:
• systematically understand the economic intuition behind influential macroeconomic literature.
• replicate in full the results of existing macroeconomic research using numerical solution methods.
• handle macroeconomic data with confidence.
• critically analyse cutting edge macroeconomic research.
• show critical awareness of the most important issues in current macroeconomic research.