EC825B Numerical Methods (Second-year PhD Course) Michigan State University (Fall 2025, Fall 2026)

Part I:   Solving Dynamic Economic Models

Lecture 1: Dynamic Programming and Vanilla VFI

Lecture 2: Accuracy and Faster Value Function Iteration

Lecture 3: Time Iteration and Endogenous Grid Method

Lecture 4: Adaptive Sparse Grids for Dynamic Economic Models

Part I:   Heterogeneous Agent General Equilibrium Model 

Lecture 1: Firm Dynamics I: Firm Heterogeneity, Entry and Exit, Hopenhayn Model

Lecture 2: Firm Dynamics II: General Equilibrium and Hopenhayn–Rogerson Model

Lecture 3: Bewley–Huggett–Aiyagari Models

Lecture 4: Solving and Simulating Heterogeneous Agent Models

Part II: Computing Impulse Responses in Dynamic Economic Models

Lecture 1:  Transition Dynamics, Impulse Response Functions, and MIT Shocks

Lecture 2:  Sequence-Space Jacobians and Reiter Method

Part III: Structural Estimation of Dynamic Economic Models

Lecture 1:  Identification and Moment Selection 

Lecture 2:  Implementation and Inference