Computational Methods Applied to Economics

Year
1

Academic year
2017-2018

Code
03672079

Subject Area
Economics

Language of Instruction
Portuguese

Other Languages of Instruction
English

Mode of Delivery
Face-to-face

Duration
SEMESTRIAL

ECTS Credits
7.5

Type
Compulsory

Level
3rd Cycle Studies

Recommended Prerequisites

N.A.

Lectures, tutorial and computer simulations.

1. Identify economic problems whose resolution involves the use of numerical methods.

2. Computationally implement economic models.

3. Apply some classical numerical methods.

4. Simulate and evaluate results.

1. Quantitative macroeconomics

a. Real Business Cycles (RBC) models.

b. Rational expectations.

c. Analysis of Dynamic Stochastic General Equilibrium (DSGE) models.

2. Microeconomic dynamic models.

a. Models of industrial dynamics.

b. Agent Computational Economics (ACE) models.

c. Nelson-Winter model.

Carlos Manuel Gonçalves Carreira

Assessment
Presentation of a lecture (30%), letter (30%) and final test (40%). : 100.0%

J. Adda; R. Cooper. Dynamic economics. MIT Press, 2003.

C. Carreira. Dinâmica industrial e crescimento da produtividade. Celta Editora, 2006.

T. F. Cooley (ed.). Frontiers of Business Cycle Research. Princeton University Press, 1995.

B. Heer; A. Maussner. Dynamic General Equilibrium Modeling. 2nd ed., Springer, 2009.

K.L. Judd. Numerical methods in economics. MIT Press, 1998.

R. Marimon; A. Scott (eds.). Computational Methods for the Study of Dynamic Economies. Oxford University Press, 2001.

L. Tesfatsion; K. L. Judd (eds.). Handbook of computational economics (Vol. 2). North-Holland, 2006.