KTTJ1120 Methods in Macroeconomics (5 cr)
Study level:
Postgraduate studies
Grading scale:
0-5
Language:
English
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2026-2027, 2027-2028
Description
Course is an introduction to models and methods in contemporary business cycle macroeconomics and monetary policy analyses. 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 macro econometrics.
After the successful completion of the course students will be able to transform the existing model (or build a model of their own) to evaluate the concurrent topic in economics.
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).
Completion methods
Method 1
Evaluation criteria:
Exercises, presentation, exam, term paper
Select all marked parts
Parts of the completion methods
x
Participation in teaching (5 cr)
Type:
Participation in teaching
Grading scale:
0-5
Language:
English