Applied Macroeconomics I

3 Credits

Prepares doctoral students to be researchers in Modern Macroeconomics. Constructs and solves Dynamic Stochastic General Equilibrium (DSGE) models. Uses real-world economic data to estimate and calibrate DSGE models using Bayesian methods. Identifies and measures the size of macroeconomic shocks on output, employment, prices, and other relevant macroeconomic variables.