Advanced Macroeconomics (6 ECTS)
Being an important core area of Economics, Advanced Macroeconomics provides you in-depth methodic and specialized knowledge on the fundamentals of Macroeconomics. In this course you shall get a broad overview of the quantitative methods of growth and business cycle theory.
You shall learn to solve macroeconomic models formally and to interpret derived results. Upon course completion, you shall have gained an intuitive understanding of macroeconomic correlations as well as the ability to carry out individual model ampliations based on the limitations of the presented approaches.
The course content comprises:
- Growth theories (e.g. Solow model, Ramsey model)
- Business cycle theories: Real Business Cycle Model, New Keynesian Models
- Modern Methods of Macroeconomics, e.g. Dynamic Optimization.