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- Code:
- ECOM-R313
- Field:
- Macroeconomics
- Targets:
- Research Master's students PhD students
- Organiser:
- University of Helsinki - Economics
- Instructor:
- Oskari Vähämaa
- Period:
- Period 3
- Format:
- Participation in teaching
- Method:
- Contact teaching
- Venue:
- Economicum
- Enrollment:
Equivalent to ECOM-R313 Macroeconomics 2
In case of conflicting information consider the Sisu/Course/Moodle pages the primary source of information.
Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.
If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.
Lectures and exercises will be streamed for FDPE students (outside the capital region), but not for Helsinki GSE students (Aalto, Hanken and UH students). A link to the stream will be sent by Jenni Rytkönen in a separate email a few days before the course starts. If you don’t receive the link, please contact Jenni (jenni.rytkonen@aalto.fi).
- To access the Moodle course area, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your UH user ID.
- For more information on how to activate your UH user ID and register for a Moodle course area, click here.
Content
The course builds on the models studied in Advanced Macroeconomic Theory 1, extending them to include idiosyncratic uncertainty (income fluctuations and consumption), labor market frictions (unemployment and wage inequality), and firm dynamics (job creation and destruction).
Learning outcomes
After the course, the student should
- Understand search theory as applied to macroeconomic models of the labor market (in particular how search frictions can be used to explain unemployment and wage inequality).
- Understand and be able to solve macroeconomic models with heterogeneous workers and firms (in particular, the concepts of idiosyncratic uncertainty, borrowing constraint, and stationarity issues as covered in partial and general equilibrium setups)