This course addresses topics in advanced macroeconomics and monetary economics in a state-of-the-art macroeconmic framework. The most important theme is the analysis of real effects of monetary disturbances in a DSGE (Dynamic Stochastic General Equilibrium) setup. The other important goal of this course is to help students think rigorously topics on their MA theses. Students are required to submit a term paper proposalbefore the midterm exam and the complete term paper by the final exam.
The Dynamic Stochastic General Equilibrium (DSGE) Model has been the workhorse in studying virtually all the fields in modern advanced macroeconomics such as Economic Growth, Real Business Cycle, New Keynesian Theory, Monetary Economics, Financial Economics. Understand such models and advanced macroeconomic theories require knowledge of dynamic optimization, linear algebra, time series.As such, this course aims at filling the gap between the undergraduate and graduate level macroeconomics courses by providing the third and fourth year undergraduate students with the essential mathematical andstatistical foundations for studying modern macroeconomic theories. The main theoretical model will be dynamic economic growth model. Some additional model such as monetary model will be introduced.
This course is designed to study the macroeconomic theories that have come to dominate the study of economic growth and the study of business cycles. The course is particularly oriented to address more advanced topics and introduce recently developed theories. The fundamental goal of this course is, however,to help students understand macroeconomic phenomena in a intuitive, but systematic way. Building on such intuition, students will be able to assess the current economic issues, analyze those issues in a sophisticated manner as “economists”.
- Principle of Economics
- Principle of Macroeconomics
- Macroeconomics
- Financial Economics
- Dynamic Macroeconomics
- Advanced Macroeconomics