Basic skills:
That students possess knowledge that gives them a basis or opportunity to develop and/or apply an idea, also in a scientific context.
That students are able to:
- apply acquired skills and their problem-solving ability to new environments and in wider (e.g. multi-disciplinary) contexts related to their area of expertise.
- integrate new knowledge and face the complex task of coming to conclusions, even under incomplete information, taking into account social and ethical dimensions of decisions.
- communicate knowledge, theoretical frameworks, and their conclusions to specialized as well as general audiences with clarity.
That student acquire learning skills that enable them to seek new knowledge and skills in an autonomous and self-sufficient manner.
General skills:
That students are able to:
- analyze and synthesize a scientific text.
- interpret and create advanced economic writing and presentations.
- apply advanced theories using mathematical and econometric computer software.
- evaluate scientific writing and judge the value of a scientific contribution.
Specific skills:
That students are able to apply dynamic-optimization techniques with and without uncertainty to advanced economic problems.
That students are able to apply and interpret:
- dynamic general-equilibrium models
- the neo-classical growth model
- overlapping generations models
- consumption-savings decision under uncertainty and incomplete markets
- the standard asset-pricing model
- real-business-cycle theory
- simple search-and-matching models
That students are able to critique, compare, and discuss public policies and their macroeconomic consequences.
Learning results:
1. Ability to understand and solve dynamic general-equilibrium models, which are the basis of modern macroeconomic theory.
2. Possession of the basic skills of dynamic optimization.
3. Ability to model dynamic macroeconomic problems.
4. Ability to analyze dynamic macroeconomic models: finite and infinite horizon, under certainty and uncertainty.
5. Knowledge of the fundamental macroeconomic models: neo-classical growth model, consumption-savings problem, labor search.
6. Ability to apply general-equilibrium models to analyze economic growth and aggregate shocks.
7. Skill to formulate empirical models that can be brought to theoretical macroeconomic models.
8. Skill to formulate and compute dynamic stochastic general equilibrium models
9. Estimation and calibration of macroeconomic models
10. Study counterfactuals using quantitative macroeconomic models