Programme

PhD

Term

II

Academic Year

2021-22

Course title

Macroeconomics -I

Area

Economics

Credits

0.75

Instructor(s)

Prof. Anindya Chakrabarti

Course Description & Objectives

Objectives: This is a course on macroeconomic modeling. Starting with growth theory, we will work through a sequence of standard models to understand the dynamics and comovements of aggregate variables like consumption, output, inflation etc. We will use dynamic programming as the basic tool and hence, will develop the necessary methods during the course. The goal of this course is to introduce the course-participants to the basic tools used in modern macroeconomics. We will also use computer programs to simulate the models and test their implications on data. We will provide Matlab codes for simulating the models. Data sources will be indicated in the class.