AU kursuskatalog arkiv

2277: Applied Macroeconomic Models ( forår 2010 - 10 ECTS )

Rammer for udbud

• Uddannelsessprog: engelsk
• Niveau: Optional project-based MSc course  
• Semester/kvarter: Spring 2010  
• Timer per uge: NUMBER OF HOURS PER WEEK: 4 lectures a week for 4-5 weeks to present particular topics relevant for the participating students projects. Subsequently, ad-hoc lectures will be given depending upon the specific needs of the students.  
• Deltagerbegrænsning: None  
• Undervisningssted: Århus
• Hovedområde: Det Samfundsvidenskabelige Fakultet
• Udbud ID: 19265

Formål

LEARNING OBJECTIVES:
After successful completing the course, the participants can
· explain the structure of macro economics models
· explain the properties of the different model types
· develop and modify macro economics model
· perform forecast and policy analyses
· theorize on deterministic and stochastic properties of the macro economic
models
· theorize on properties of estimation and forecasting methods
· theorize on the solution of macroeconomic model
produce forecasts, evaluate economic policies, and evaluate properties of
macroeconomics models

Indhold

COURSE DESCRIPTION:
The purpose of the course is to provide students with practical experience of tools
and techniques (both statistical and computational) for developing and applying
macro economic models
The course focuses on traditional macroeconomic models but also newer model
types will be introduced and the reports may compare the properties of the traditional
models with the newer models.

Faglige forudsætninger

PREREQUISITES: 7020: Econometrics, 7500 Macro 2, 7515 Micro 2.

Underviser

Henning Bunzel

Undervisnings- og arbejdsform

TEACHING METHOD: Classroom lectures concentrated in the beginning of the
semester and regular consultation meetings with the teachers. Additional lectures
may be given depending upon the needs and the background of the students

English

Litteratur

LITERATURE:
Articles and book chapters depending upon the project topics decided by the
students (total of approximately 450 pages).
Some basic books are
Ray C. Fair, Estimating How the Macro economy Works, Princeton 2004
MONA, en kvartalsmodel af dansk økonomi, 2003, Danmarks Nationalbank
Gunnar Bårdsen, Øyvins Eitrheim, Eilev S, Jansen, Ragnar Nymoen: The
econometrics of Macroeconomic Modelling, Oxford, 2005
Anthony Garratt, Kevin Lee, M. Hashem Pesaran, Yongcheol Shin, Global and
National Macroeconometric Modelling, Oxford, 2006

Bedømmelse

FORM OF ASSESSMENT: Oral exam based on project report (app. 20 min) without
preparation
EXAMINATION AIDS ALLOWED: All