Recursive Methods in Macroeconomics

DOCTORAL PROGRAM IN MANAGEMENT OF TECHNOLOGY (EDMT)

Fall 2013

This PhD course teaches recursive methods used in modern macroeconomics and presents some of their applications. Recursive representations of macroeconomic models are useful because they are parsimonious and allow the computer to be used to solve for the equilibrium and the dynamics of the model.
The course will present six model economies and you will learn how to write these models in recursive form, characterize the equilibrium and compute it. The course is structured in six lectures (morning), each followed by an exercise sessions (afternoon) where you will learn numerical methods to solve for the  equilibrium of the model presented in the lecture.
Exercise sessions will take place in a classroom equipped with computers; you will learn to write programs in Matlab, Fortran, etc.
The course has no prerequisites and most concepts will be introduced during the course. Nevertheless, prior knowledge of economics will be useful.

To see the outline and the material for this course, go to the course Moodle webpage. You can connect to Moodle using your GASPAR username and password. To access the documents you need an enrollment key, which will be given to you during the first session of this course.