Empirical Macroeconomics

3 Credits · Level: Graduate, Undergraduate

Empirical macroeconomics is concerned with the understanding of aggregate phenomena such as economic growth, business cycles, unemployment, inflation, and international trade among others. It does so by working with the available data and applying a mix of econometric methods and general equilibrium models. This course will have two distinct modules. In the first one students will learn the theory of stationary and non-stationary processes, and how this theory applies to econometric techniques for estimation and forecasting based using time series data. The second module will cover the basics of Dynamic Stochastic General Equilibrium (DSGE) models and their use in policy evaluation.