IEM1828 Dynamic Stochastic General Equilibrium Models II

8 ECTS - 4-0 Duration (T+A)- . Semester- 4 National Credit

Information

Code IEM1828
Name Dynamic Stochastic General Equilibrium Models II
Term 2024-2025 Academic Year
Semester . Semester
Duration (T+A) 4-0 (T-A) (17 Week)
ECTS 8 ECTS
National Credit 4 National Credit
Teaching Language Türkçe
Level Doktora Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. KENAN LOPCU


Course Goal / Objective

Introducing a set of canonical Dynamic Stochastic General Equilibrium (DSGE) models which form the basis to understand a variety of macroeconomic policy issues and business cycle phenomena.

Course Content

Setting up, solving, simulating, evaluating, and estimating Dynamic Stochastic General Equilibrium models.

Course Precondition

At least two econometrics courses at the graduate level.

Resources

David N. DeJong and Chetan Dave (DD), Structural Macroeconometrics, Princeton University Press (2007).

Notes

John Geweke, Contemporary Bayesian Econometrics and Statistics Wiley, New York (2005)


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Understands various macroeconomic policy issues and business cycle events within the framework of DSGE models.
LO02 Setups Dynamic Stochastic General Equilibrium models.
LO03 Solves Dynamic Stochastic General Equilibrium models.
LO04 Sİmulates Dynamic Stochastic General Equilibrium models.
LO05 Evaluates economically the results


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Identify an econometric problem and propose a new solution to it 5
PLO02 Bilgi - Kuramsal, Olgusal Develops new knowledge using current concepts in Econometrics, Statistics and Operations Research 5
PLO03 Bilgi - Kuramsal, Olgusal Explain for what purpose and how econometric methods are applied to other fields and disciplines 4
PLO04 Beceriler - Bilişsel, Uygulamalı Using her knowledge, brings original solutions to problems in Economics, Business Administration and other social sciences 5
PLO05 Beceriler - Bilişsel, Uygulamalı Creates a new model using mathematics, statistics and econometrics knowledge to solve the problem encountered 4
PLO06 Beceriler - Bilişsel, Uygulamalı Interprets the results obtained from the most appropriate method to predict the model 5
PLO07 Beceriler - Bilişsel, Uygulamalı Performs conceptual analysis to develop solutions to problems 5
PLO08 Beceriler - Bilişsel, Uygulamalı Collects data on purpose 4
PLO09 Beceriler - Bilişsel, Uygulamalı Synthesizes the information obtained by using different sources within the framework of academic rules in a field that does not research 3
PLO10 Beceriler - Bilişsel, Uygulamalı Presents analysis results conveniently 5
PLO11 Beceriler - Bilişsel, Uygulamalı Converts its findings into a master's thesis or a professional report in Turkish or a foreign language
PLO12 Beceriler - Bilişsel, Uygulamalı It researches current approaches and methods to solve the problems it encounters and proposes new solutions 5
PLO13 Beceriler - Bilişsel, Uygulamalı Develops long-term plans and strategies using econometric and statistical methods 4
PLO14 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Performs self-study using knowledge of Econometrics, Statistics and Operations to solve a problem 3
PLO15 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Leads the team by taking responsibility
PLO16 Yetkinlikler - Öğrenme Yetkinliği Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in the field of study
PLO17 Yetkinlikler - İletişim ve Sosyal Yetkinlik Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution
PLO18 Yetkinlikler - İletişim ve Sosyal Yetkinlik Uses a package program of Econometrics, Statistics, and Operation Research or writes a new code 4
PLO19 Yetkinlikler - İletişim ve Sosyal Yetkinlik Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form
PLO20 Yetkinlikler - Alana Özgü Yetkinlik Applies social, scientific and professional ethical values
PLO21 Yetkinlikler - Alana Özgü Yetkinlik Interprets data on economic and social events by following current issues


Week Plan

Week Topic Preparation Methods
1 DSGE models, review Reading Assignments Öğretim Yöntemleri:
Tartışma
2 Solving DSGE models Reading Assignments Öğretim Yöntemleri:
Anlatım
3 Intorduction to Simulation DSGE models Reading Assignments Öğretim Yöntemleri:
Anlatım
4 Simulating DSGE models Reading Assignments Öğretim Yöntemleri:
Anlatım
5 Model Evaluation Reading Assignments Öğretim Yöntemleri:
Anlatım, Tartışma
6 Inference Reading Assignments Öğretim Yöntemleri:
Anlatım
7 An overview Reading Assignments Öğretim Yöntemleri:
Tartışma
8 Midterm Exam Ölçme Yöntemleri:
Yazılı Sınav, Ödev
9 Technology Shocks Reading Assignments Öğretim Yöntemleri:
Anlatım
10 Fiscal Shocks Reading Assignments Öğretim Yöntemleri:
Anlatım
11 Estimating models with nominal and real frictions, Reading Assignments Öğretim Yöntemleri:
Alıştırma ve Uygulama
12 Evaluating the models with nominal and real frictions, Reading Assignments Öğretim Yöntemleri:
Tartışma
13 Investment Shocks Reading Assignments Öğretim Yöntemleri:
Anlatım
14 Noise Shocks Reading Assignments Öğretim Yöntemleri:
Anlatım
15 Belirsizlik Şokları Reading Assignments Öğretim Yöntemleri:
Anlatım
16 Example solving Reading Assignments Öğretim Yöntemleri:
Tartışma, Soru-Cevap
17 Term Exams Ölçme Yöntemleri:
Yazılı Sınav


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 4 56
Out of Class Study (Preliminary Work, Practice) 14 8 112
Assesment Related Works
Homeworks, Projects, Others 2 4 8
Mid-term Exams (Written, Oral, etc.) 1 12 12
Final Exam 1 24 24
Total Workload (Hour) 212
Total Workload / 25 (h) 8,48
ECTS 8 ECTS

Update Time: 08.05.2024 11:17