Advanced Macroeconomics I

Description

This course serves as a gentle introduction to modern macroeconomics. The course has four main goals: i) it introduces students to some of the modern macroeconomic workhorse models, mainly Real Business Cycle (RBC) and Dynamic Stochastic General Equilibrium (DSGE) models; ii) it gives students the tools, analytical and numerical, to solve those models; iii) it provides basic intuition for the most important macroeconomic data, empirical evidence on the features of growth and business cycles and some of the evidence on underlying micro behaviour - the emphasis will be on the stylized facts and how models can (or cannot) replicate and explain those stylized facts; iv) it puts the discussed models in the context of current economic and societal issues and policy challenges.