KTTS1120 Methods in Macroeconomics (5 cr)

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Study level:

Advanced studies

Grading scale:

0-5

Language:

English

Responsible organisation:

Jyväskylä University School of Business and Economics

Curriculum periods:

2020-2021, 2021-2022, 2022-2023, 2023-2024, 2026-2027, 2027-2028

Description

Course is an introduction to models and methods in contemporary business cycle macroeconomics and monetary policy analyse. The main focus is in New Keynesian DSGE-modelling and Structural Vector Autoregressive models.

Learning outcomes

On successful completion of the course, students will be able to:
-solve and simulate a parsimonious dynamic stochastic general equilibrium model (DSGE)
-understand the assumptions behind DSGE models and how assumptions affect the policy
-implications of DSGE models
-evaluate the policy implications of DSGE models critically
-knows the principles of the optimal monetary policy modelling
-test macroeconomic theories estimating structural Vector Autoregressive models
-be aware of identification problems in macroeconometrics

Additional information

The course is provided as a MSc course for students in Economics or Banking and International Finance and also for the doctoral students in Economics and Finance (specialized in macrofinance).

Another responsible teacher is PhD Petteri Juvonen, Sveriges Riksbank.

Study materials

https://sites.google.com/site/petteriopjuvonen/methods-in-macroe

Completion methods

Method 1

Evaluation criteria:

Exercises, presentation, exam

Time of teaching:

Period 2

Select all marked parts

Parts of the completion methods

Participation in teaching (5 cr)

Type:

Participation in teaching