1194 Macroeconomic Models and Methods (Applied Track)
Dr. Alex Grimaud
Contact details
Weekly hours
Language of instruction
10/04/23 to 10/04/23
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Day Date Time Room
Wednesday 10/11/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 10/18/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 10/25/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 11/08/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 11/15/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 11/22/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 11/29/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 12/13/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 12/20/23 10:00 AM - 12:00 PM TC.3.08
Wednesday 01/10/24 10:00 AM - 12:00 PM TC.3.08
Wednesday 01/17/24 10:00 AM - 12:00 PM TC.3.08
Wednesday 01/31/24 10:00 AM - 12:00 PM TC.3.08

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.

Learning outcomes

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 requirements

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

Teaching/learning method(s)

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.


Final Exam (40 points), Presentation and referee reports on a scientific paper  (30 points) and Exercises (30 points)

A positive final test (50% threshold of total exam points) is required for passing the course.

Grading Key: <60Points: fail; >60Points: sufficient; >70Points: satisfactory; >80points: good; >90Points: very good.

Prerequisites for participation and waiting lists

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


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Recommended previous knowledge and skills

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.

Availability of lecturer(s)

no regular office hours, please make an appointment

Last edited: 2023-04-26