Quantitative Macroeconomics 2400-EN3SL254B
The aim of the seminar is to familiarize the students with methods of modeling selected macroeconomic phenomena and to prepare them to be able to write the Bachelor’s thesis. The thesis may base on the applied use of one of the following quantitiative macroeconomic models:
- General Equilibrium Models, including the models of business cycles and overlapping generations.
- Search and matching model of the labor market.
- Models of wealth and income inequality.
- Monetary policy within a New Keynesian framework.
- Models of frictions in the housing and financial markets.
- Models of economic growth.
The first classes will be devoted to presenting the formal requirements of the thesis and to the discussion of selected quantitative macroeconomic models. The following classes will be devoted to student’s presentations on their progress in preparing their theses.
Type of course
Course coordinators
Learning outcomes
After completing the seminar, the student:
KNOWLEDGE
Knows the methods and tools used in the quantitative macroeconomic analysis and the methods of acquiring relevant data. Knows the limitations of the methods presented at the seminar.
Knows how to formulate research questions and to state hypotheses, knows how to conduct research for the purposes of preparing the bachelor’s thesis. Knows how to work with the literature and empirical data.
Knows the formal requirements for the bachelor’s thesis.
SKILLS
Can critically review the literature, the authors’ viewpoints and to analyze the sources. Can work with empirical data.
Can formulate the research objective, state hypotheses and then select the appropriate data and methods of analysis to verify the stated hypotheses.
Can build an economic model derived from the optimization problems of the agents, basing on the leading positions in the literature. Can synthesize obtained results and derive appropriate conclusions.
Can present the results of his/her work in the form of a scientific paper, conforming to the formal requirements.
SOCIAL SKILLS
Understands the need for perpetual self-improvement and self-study. Can acquire and broaden his/her knowledge on their own.
Can formulate a plan of action, state the priorities and deliver the work on the deadline.
KW01, KW02, KW03, KU01, KU02, KW03, KK01, KK02, KK03
Assessment criteria
The grade for the first semester will be based on the students’ presentations on their progress in writing the thesis. The grade for the second semester will be equivalent to the grade of the submitted thesis.
Bibliography
Literature positions will be tailored individually for each student, based on their research interests.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: