Advanced Macroeconomics II

ECON606

This course will briefly introduce you to some of the most widely used core models of modern macroeconomics. At the same time it will provide a strong theoretical and practical background that can be helpful if pursuing further studies in (macro-)economics. In particular we will build, step-by-step, one of the standard workhorses to study the business cycles, the real business cycles (RBC) model. We will start from its ancestor, the Solow growth model, pass by its origins, the deterministic neoclassical growth model, and work all the way up to its current dynamic stochastic general equilibrium (DSGE) model version. One course / 3 units.