The course offers a deep dive into dynamic macroeconomic modelling and business cycle theory. Topics covered include the an introduction into dynamic macro modelling, Real-Business-Cycle,  New Keynesian, Search-and-Matching, financial frictions and Medium-scale models etc.. A particular focus will lie on coding, solving, simulating, and estimating those models. Students will extensively use the Dynare toolbox and Matlab in order to develop a proficiency in handling Dynamic stochastic general equilibrium (DSGE) models for empirical and policy analysis.

Upon completion of this course students will have a basic understanding of modern macroeconomic analysis in a dynamic setting. Moreover, they will be able to handle and implement Dynare codes.

Attendance is mandatory (however, two missed units are tolerated)

The course is mainly lecture-based. Homework assignment and exercises (in groups) and mandatory reading will be used to deepen the understanding of the materials discussed.

After the registration period, students on the waiting list will be assigned to available places in the specific courses.

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Mathematics, statistics, microeconomics, and macroeconomics as covered in the standard bachelor courses. Students need to be taking or have taken the Foundation in Macroeconomics course in order to attend.

no regular office hours, please make an appointment