Competencies and objectives

 

Course context for academic year 2010-11

No data

 

 

Course content (verified by ANECA in official undergraduate and Master’s degrees)

General Competences (CG)

  • CG2 : Capacity to find data (natural and experimental) and analyse it.
  • CG3 : Capacity to apply economic theory to represent real situations.
  • CG4 : Capacity for teamwork.
  • CG5 : Capacity for self-learning.
  • CG6 : Ethical commitment and social responsibility at work, respecting the environment, being aware and understanding the importance of respect for fundamental rights, equal opportunities for men and women, universal accessibility for the disabled and respect for the values of a peaceful, democratic society.
  • CG7 : Analyse problems using critical reasoning, without prejudice and with precision and rigor.
  • CG8 : Capacity for synthesis.

 

Specific Competences (CE)

  • CE1 : Capacity to read Economic research articles in a reasoned fashion and evaluate them critically, understand their essential contributions and weaknesses.
  • CE2 : Capacity to understand how the technical problems faced by authors of research articles have been resolved in each case.
  • CE3 : Capacity to test theorems and propositions.
  • CE4 : Capacity to understand and reproduce empirical analyses and simulation experiments on which the conclusions of research articles written by other authors are based.
  • CE5 : Capacity to present important economic problems precisely and respond adequately to said problems by using the techniques learnt on the different courses, using theoretical and empirical analyses or simulations if necessary.

 

 

 

Learning outcomes (Training objectives)

No data

 

 

Specific objectives stated by the academic staff for academic year 2010-11

This course complements Macroeconomics I and continues with an introduction to dynamic macroeconomics. Part I is dedicated to Overlapping Generation (OLG) models. Practically all the analysis in Part I will be carried out in the context of a two-period OLG model with perfect foresight. This model has microeconomic foundations and provides a framework for dealing with intertemporal issues and, at the same time, it is simple enough to be studied analytically. Therefore, we can avoid technical complications and provide an extensive treatment of several topics of interest (government debt and taxes, bequests, land and crop, money and inflation, etc.). At the end of Part I, we will briefly comment on the current research based on multi-period OLG framework. In the remaining course, we will concentrate on applications of the standard neoclassical stochastic growth model with infinitely-lived agents. First, we will study how to calibrate and solve macroeconomic models by using numerical methods, and subsequently, we will review several research topics such as heterogeneous-agent economies, monetary policy, endogenous growth and cycles and time-inconsistency. The problem sets will include both theoretical and computer exercises. The programming language is MATLAB.

 

 

General

Code: 41205
Lecturer responsible:
MALIAR PUSHNOY, SERGUEI
Credits ECTS: 6,00
Theoretical credits: 1,60
Practical credits: 0,40
Distance-base hours: 4,00

Departments involved

  • Dept: FOUNDATIONS OF ECONOMIC ANALYSIS
    Area: FOUNDATIONS OF ECONOMIC ANALYSIS
    Theoretical credits: 1,6
    Practical credits: 0,4
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught