Marmara University Department of Economics
ECON8012
This PhD course aims to introduce basic macroeconomic modeling and provide application skills on Matlab. All class materials will be shared via Google Drive folder. The students need to install the relevant packages before the class. There will be homework throughout the semester. After the midterm, students will be presenting the theoretical paper they choose in the beginning of the semester. These presentations will be in the form of development reports in the last three weeks. The aim is to fully replicate the selected theoretical paper at the end of the semester. Here's an example for a theoretical paper.
Class Hours: THU.13-16
Class: K2.Z08
Suggested Textbooks: Gali (2015), Acemoglu (2009), Romer (2012), Barro and Sala-i-Martin (2003)
Suggested Papers: Calvo (1983), Clarida et al. (1999), Mankiw and Reis (2002) Christiano et al. (2005), Smets and Wouters (2003), Smets and Wouters (2007),
Suggested website: Github by Johannes Pfeifer
Octave: https://www.gnu.org/software/octave/#install
Dynare: https://www.dynare.org/download/
Matlab: https://www.mathworks.com/products/matlab-online.html
Please check Marmara University IT Department's website for Matlab or visit their office on the 4th floor of Rectorship Building.
2025-2026 Weekly Schedule*
LECTURE 1 (Feb 19): INTRODUCTION
LECTURE 2 (Feb 26): MATHEMATICAL BACKGROUND
LECTURE 3 (Mar 5): SOLOW MODEL
LECTURE 4 (Mar 12): MRW REPLICATION
LECTURE 5 (Mar 19): RBC BASIC
LECTURE 6 (Mar 26): MODEL EXERCISES
LECTURE 7 (Apr 2): research time
LECTURE 8 (Apr 9): midterm week
LECTURE 9 (Apr 16): RBC EXTENDED
LECTURE 10 (Apr 23): no class - holiday
LECTURE 11 (Apr 30): NKDSGE BASIC
LECTURE 12 (May 7): NKDSGE BASIC II
LECTURE 13 (May 14): NKDSGE OPEN ECONOMY
LECTURE 14 (May 21): DSGE EXTENSION
LECTURE 15 (May 28): no class - holiday
LECTURE 16 (June 4): MODEL EXERCISES
LECTURE 17 (June 11): MODEL EXERCISES
*There may be changes throughout the semester