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Advanced Macroeconomic Analysis Assignments
The introductory part of the course seeks to give students the methods and tools applied in sophisticated macroeconomic research. The focus of the course is specifically theoretical-based, though the theory is led by data.
Models will be studied to show how behavioural attitudes are guided by assumptions of information, production technologies, and consumer preference.Students will also learn how to alternatively solve challenges facing dynamic optimisation.
The next part of the course introduces the dynamic general equilibrium and its application in macroeconomics. This particular approach is an evolution from real business cycle theory and neoclassical macroeconomics, and involves numerous elements of the economy, such as fiscal and monetary policy, rational expectations, nominal rigidities, exchange rates, and the open economy.
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