Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Topics in Computational Macroeconomics ECON5086

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

The course will introduce students to some of the main methods used to solve and analyse dynamic stochastic general equilibrium models and illustrate their application through a range of economic applications.

Timetable

20 hours of lectures (2 hours per week) offered over ten weeks.

Requirements of Entry

Completion of the 1st year MRes in Econometrics, or equivalent qualification as decided by the course instructor

Excluded Courses

None

Co-requisites

None

Assessment

ILOs are assessed in the take-home written assignment at the end of the course (100%). The assignment is a computational exercise of approximately 2000-4000 words.

Course Aims

This course aims to expose students to some of the main tools used to numerically solve and analyze dynamic stochastic general equilibrium models, and to illustrate these tools through application to economic models.

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. Demonstrate critical understanding of the strengths and limits of principal computational methods for solving models.

2. Apply a significant range of standard and specialized numerical methods

3. Use a range of specialized numerical methods to analyze a range of macroeconomic models at the forefront of development

4. Critically review, conceptualize, and extend learned skills and practices to new and original models

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.