Type of Credit: Elective
Credit(s)
Number of Students
This is a 3-hour course designed for graduate students in the Department of Economics. The aim of this course is to provide fundamental knowledge and quantitative tools necessary for addressing macroeconomic issues. Additionally, I will briefly introduce how to apply dynamic programming techniques to handle basic macro models. We will engage in quantitative work based on economic models and conduct a few calibration/simulation exercises. We will "intensively" use Matlab software and Dynare program to conduct quantitative analysis.
注意：本課程為總體經濟應用課程，建議對目前已有相關論文方向或對總體經濟理論的量化工具有興趣的同學再行選修。
能力項目說明
In each class, I will hold a lecture in the first two hours. The remaining time will be left for discussions of assigned papers or the review of term projects.
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
|---|---|---|
• Stylized facts and growth empirics
• Building Economic Models
– Fundamentals of dynamic programming
• Models (homogenous agents v.s. heterogeneous agents)
– Ramsey growth model
– Real business cycle model
– Extensions of DSGE models
– Introduction of firm heterogeneity
– Labor search-and-matching model
– More relevant issues
• Numerical Analysis
– Dynamic programming
– Model calibration and simulations
– The SMM and Bayesian estimation
Assignments (40%)
Term paper / paper replications (40%)
Paper discussions and class participation (20%)
Krueger, D. Macroeconomic Theory. (main)
Ljungqvist L. and Thomas J. Sargent, Recursive Macroeconomic Theory, 4th edition, MIT Press. (suggested)
Gali, Jordi. Monetary Policy, Inflation, and Business Cycle, 2nd edition, Princeton University Press. (suggested)
Shimer, Robert. Labor Markets and Business Cycles, Princeton University Press. (suggested)
McCandless, George T. The ABCs of RBCs, Harvard University Press. (suggested)
| 書名 Book Title | 作者 Author | 出版年 Publish Year | 出版者 Publisher | ISBN | 館藏來源* | 備註 Note |
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