The teaching method will be the following:
(1) Magistral classes, where the concepts will be developed in detail and the properties of macroeconomics models of time series will be covered. To facilitate understanding and learning of this material by the student, the students will have access to the class material (slides etc.) via the internet. They will also receive an ample list of complementary materials that will permit them to understand and go deeper into issues covered in class, and into some related issues of interest that may not have been covered in class.
(2) Discussion of the exercises done by the student, covering the estimation and specification of classic models in the literature, previously covered in class, such as the various exercises of estimation and forecasting with time series in various economies and different time periods.
(3) Discussion on current economic issues to which the student can use the knowledge acquired in the course to deepen their understanding.
(4) Practical classes in reduced groups where the students will learn to make arguments and reason in public, to use the necessary econometric programs (above all E-Views) to do estimation and testing of macroeconomic models of time-series. This will be done by the use of both algebraic and empirical exercises in class, with an emphasis on the applied nature of this course.
(5) Complete an empirical project by the end of the course that demonstrates that the student understands how to apply with rigor and economic reasoning the econometric techniques studied. The project should be well written and have the basic structure of a short scientific article: Introduction, literature review, model and estimation, description of the data used and their quality, empirical results, evaluation of the model and hypothesis tests, conclusions & future extensions.