Master 2024/2025

Dynamic Stochastic General Equilibrium Models

Type: Elective course (Economics and Economic Policy)

Area of studies: Economics

Delivered by: Department of Theoretical Economics

Where: Faculty of Economic Sciences

When: 1 year, 3 module

Mode of studies: offline

Open to: students of one campus

Instructors: Arsenii Mishin

Master’s programme: Economics and Economic policy

Language: English

ECTS credits: 3

Contact hours: 40

Course Syllabus

Abstract

This course continues the sequence of macroeconomics courses for Master's students. It aims to deepen our understanding of modern tools used in the analysis of macroeconomic processes and policies. A challenge facing policymakers is how to evaluate the net effects of forces operating on different parts of the economy. Dynamic stochastic general equilibrium (DSGE) models are the leading tool for making such assessments in an open and transparent manner. DSGE models have also become the standard workhorse models for the analysis of aggregate fluctuations. The primary focus of this course will be on the analysis, solution, calibration, estimation, and extension of DSGE models. We will also emphasize computational methods and apply them to solve DSGE models.