The course will be offered in the 2023/24 academic year.

- The lectures will be in-person. The syllabus, slides and Dynare codes will be posted on Brightspace.

Announcements (See Brightspace)

- Here you can find and download Dynare: http://www.dynare.org/

- Here you can find and download Octave (use version 8.1.0 with Dynare 5.4.x): http://www.gnu.org/software/octave/support.html

- The following webpage explains how to get Matlab at UVIC: https://www.mathworks.com/academia/tah-portal/university-of-victoria-31110150.html

- ECON 401 - Syllabus.

Slides and Materials used in class (See Brightspace)

Theory

- INTRODUCTION

- MATH REFRESHER (LINEAR ALGEBRA, DIFFERENCE EQUATIONS, OPTIMIZATION)

- SOLOW GROWTH MODEL

- OLG GROWTH MODEL

- RAMSEY GROWTH MODEL - SOCIAL PLANNER EQUILIBRIUM

- RAMSEY GROWTH MODEL - DECENTRALIZED EQUILIBRIUM

- MODELS Vs. DATA

- TIME SERIES ANALYSIS

- SOLVING QUANTITATIVE MACRO MODELS - DYNARE

- WELFARE COSTS OF FLUCTUATIONS

- RAMSEY GROWTH MODEL - LABOR SUPPLY

- RAMSEY GROWTH MODEL - TAXES AND GOVERNMENT

- RBC MODELS - CALIBRATION

- RBC MODELS - LINEARIZATION

- EQUITY PREMIUM PUZZLE

Applications and additional materials (See Brightspace)

- Practicing Dynare (Worked out examples with codes)

- RBC Model with two shocks - TFP & Discount Factor - in levels

- Reading Material: Dynamic Programming (We will NOT cover it in the lectures, and it will NOT be part of the final exam)

Assignments (See Brightspace)

- PROBLEM SET 1 (See Brightspace)

- PROBLEM SET 2 (See Brightspace)

- PROBLEM SET 3 (See Brightspace)