Solving dynamic economic models in matlab
Seminar 2nd/ 3rd semester
Master in International Economics & Public Policy (MIEPP)
Tutor: Dennis Krieger
This seminar is designed for students that are interested in entering the world of modern research in macroeconomics, labour economics or behavioural economic theory. The seminar starts by 6 to 8 lectures providing a deeper understanding of optimization methods and differential equations than the understanding offered in the first and second semester of the MIEPP. The lectures also serve to work out model descriptions, so called reduced forms, where the analysis switches from using analytical tools to using numerical tools. Examples come from optimal consumption, optimal search effort of an unemployed worker, Bayesian learning of individual abilities, temptations and time (in) consistencies, coping with stress and other.
In the second part of the seminar, students become more active. They will use these reduced forms and implement their solutions in matlab. Students will learn how to solve differential equations (mostly ordinary, but partial differential equations would be offered for the highly ambitious students), find roots of equation systems (i.e. find an economic equilibrium quantitatively), plot the results in an informative way and so on.
This seminar is open to students only who choose it as their first choice.
Matlab (2013) Help button
Wälde (2012) Applied Intertemporal Optimization
An introductory meeting and the topic assignment will be at November 6th 2014, 13:15 – 14:00 in room HS VI , ReWi II.
The submission deadline for your seminar paper is 12:00 on Jan 16th 2015 at the secretary’s office, room 01-116, ReWi II.
Presentations will be held at January 30th 2015, 09:00 – 17:00 in room HS VI, ReWi II.