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- Code:
- ECOM-R313/DPE-9313
- Field:
- Macroeconomics
- Targets:
- Research Master's students PhD students
- Organiser:
- University of Helsinki - Economics
- Instructor:
- Oskari Vähämaa
- Period:
- Period 2
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Economicum
- Enrollment:
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).
Course Sisu and Course page to be published in July
- 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 upon the models studied in the Advanced Macroeconomics 1 course, further introducing uncertainty, capital market incompleteness, firm dynamics and general equilibrium stochasticity. As another application of recursive and stochastic macroeconomic models, it introduces search theory for the analysis of labour market issues.
Learning outcomes
After the course, the student should
- Understand and be able to solve macroeconomic models with heterogeneous workers and firms (in particular, the concepts of idiosyncratic uncertainty, misallocation, borrowing constraint, and stationarity issues as covered in partial and general equilibrium setups)
- Understand the search theory applied to macroeconomic models of the labour market (in particular how search frictions can be used to rationalize the existence of unemployment and wage inequality).