Modern macroeconomics is ultimately about identifying shocks and tracing how they propagate through the economy. The central challenge is not simply estimating correlations, but isolating causal innovations—policy shocks, demand shocks, supply shocks, or external shocks—that are plausibly exogenous to contemporaneous economic conditions.
I teach macroeconomics in a way that is closer to the research frontier and grounded in real-time policy debates, especially on
how modern macroeconomists identify shocks
how to work with data as it arrives
how to provide advice for policy implication
I aim to make macroeconomics both rigorous and real-world. I emphasise that the key to understanding economic fluctuations is to ask the right causal question—what actually moved the economy, and how do we know? This means going beyond textbook correlations and focusing on how macroeconomists use data, institutions, and careful empirical design to isolate meaningful shocks and trace their effects over time.
Here are some examples for tutorial slides:
Example 1
Example 2