Module overview
Modern macroeconomic research in academia, central banks, government institutions and international organisations relies heavily on numerical methods to solve, simulate and analyse dynamic economic models and to conduct quantitative policy analysis. This module introduces students to the computational techniques used in contemporary macroeconomics, with particular emphasis on dynamic stochastic general equilibrium models. Students will learn how to solve, simulate and analyse a range of macroeconomic models, including Real Business Cycle and New Keynesian models, and how to use these frameworks to evaluate the effects of economic shocks and alternative policy interventions. The module combines economic theory with state-of-the-art numerical methods, equipping students with the tools used in modern macroeconomic research and policy institutions.