Macroeconomics 2: Stochastic Recursive Macroeconomic Models (2018)

30/10/2018
05/12/2018

Basic Information

  • Organizer: University of Helsinki
  • Location: Helsinki, Arkadiankatu 7, Economicum building
  • Time schedule
    • Lectures:Tue 10-12 and Wed 10-12 (30.10. - 5.12.2018)
    • Exercise sessions: Wed 14-16 (7. - 28.11.2018)
    • Exam: 17.12.2018 (10-12)
    • Retake exam: 27.2.2019 (10-12)
    • Please note that all changes to this original schedule will only be posted on the course home page, see above
  • The course includes 24 hours of lectures and 8 hours of exercises, a final exam and a possibility to retake the exam.

Teaching Staff

  • Instructors: Senior Adviser Markus Haavio (Bank of Finland) and Post doc Oskari Vähämaa (University of Turku)
  • Teaching assistant: NN

Topics and learning objectives

  • Incomplete markets theory: uncertainty, stationarity, general equilibrium; heterogeneity in macroeconomics
  • Search and matching theory, and further applications to labor markets
  • Main textbook: Recursive Macroeconomic Theory by Ljungqvist, L. and Sargent, T., 2nd edition (2004) online or 3rd edition (2012), MIT Press, for paperback

Course Material

  • See Course home page above