Dynamic economic modeling
A.A. 2025/2026
Learning objectives
This course is designed to provide a rigorous introduction to dynamic economic modeling. Its objectives are threefold: to equip students with the basic analytical tools to model intertemporal choices; to provide a coherent framework to understand macroeconomic fluctuations and policies; to endow students with an understanding of basic computational tools to solve and analyze dynamic macroeconomic models.
Expected learning outcomes
By the end of the course, students will be endowed with a coherent analytical framework to understand contemporary macroeconomic issues, such as recessions and crises, as well as numerical tools to simulate and understand the impact of economic shocks and policy interventions.
Periodo: Terzo quadrimestre
Modalità di valutazione: Esame
Giudizio di valutazione: voto verbalizzato in trentesimi
Corso singolo
Questo insegnamento non può essere seguito come corso singolo. Puoi trovare gli insegnamenti disponibili consultando il catalogo corsi singoli.
Course syllabus and organization
Edizione unica
Responsabile
Periodo
Terzo quadrimestre
Programma
Theoretical framework:
-Business-Cycle Measurement and Macroeconomic Theory
-Aggregate Demand (AD) and Aggregate Supply (AS)
-AD-AS Equilibrium and the Propagation of Macroeconomic Shocks
-Monetary and Fiscal Policy
Applied framework (time series data):
- Stationary ARMA Processes
- Unit Roots
- VAR and Structural Models
The programme may be subject to some year-to-year changes. Please check the ARIEL website for the updated programme.
-Business-Cycle Measurement and Macroeconomic Theory
-Aggregate Demand (AD) and Aggregate Supply (AS)
-AD-AS Equilibrium and the Propagation of Macroeconomic Shocks
-Monetary and Fiscal Policy
Applied framework (time series data):
- Stationary ARMA Processes
- Unit Roots
- VAR and Structural Models
The programme may be subject to some year-to-year changes. Please check the ARIEL website for the updated programme.
Prerequisiti
Students are expected to have fully mastered the following topics: linear algebra, intermediate calculus, static optimization and introductory econometrics. Students are expected to have a reasonable knowledge of topics taught in introductory and intermediate macroeconomics.
Metodi didattici
The course uses both lectures in which students will be given a theoretical background and classes mainly devoted to solving exercises and coding.
Materiale di riferimento
Theoretical framework: E. Challe, Macroeconomic Fluctuations and Policies, MIT Press.
Applied framework: M. Verbeek, A Guide to Modern Econometrics, Wiley.
Slides and handouts will also be uploaded on the ARIEL website.
Applied framework: M. Verbeek, A Guide to Modern Econometrics, Wiley.
Slides and handouts will also be uploaded on the ARIEL website.
Modalità di verifica dell’apprendimento e criteri di valutazione
The final assessment is based on problem sets and a final written exam, consisting of exercises and/or open questions and/or multiple choices questions.
Professor(s)