ECON 6504
PhD Macroeconomics Theory II
Modern dynamic stochastic general equilibrium models, such as real-business-cycle models, models of labour-market and financial frictions, and heterogeneous-agent models. Students also learn computational techniques to solve and estimate these models.
Topics
- real-business-cycle models
- models of labour-market and financial frictions
- heterogeneous-agent models
Course catalogue
2025
Readings
- Recommended textbooks: Ljungqvist, L., & Sargent, T. J. (2018). Recursive macroeconomic theory. MIT press.
- Ljungqvist, L., & Sargent, T. J. (2018). Recursive macroeconomic theory. MIT press.
- Pissarides, C. A. (2000). Equilibrium unemployment theory. MIT press.
Prerequisites & course information
Precludes additional credit for ECON 6021(no longer offered).