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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMETRICS (PhD) | |
| Code | IEM1828 |
| Name | Dynamic Stochastic General Equilibrium Models II |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. KENAN LOPCU |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
The objective of the course is to introduce the canonical Dynamic Stochastic General Equilibrium (DSGE) models that form the foundation for understanding various macroeconomic policy issues and business cycle events.
Course Content
In this course, Dynamic Stochastic General Equilibrium (DSGE) models are formulated, solved, simulated, evaluated, and forecasted.
Course Precondition
At least two econometrics courses at the graduate level.
Resources
DeJong, D. N., & Dave, C. (2007). Structural macroeconometrics. Princeton University Press.
Notes
Geweke, J. (2005). Contemporary Bayesian econometrics and statistics. Wiley.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explains various macroeconomic policy issues and business cycle events within the framework of DSGE models. |
| LO02 | Setups Dynamic Stochastic General Equilibrium models. |
| LO03 | Solves Dynamic Stochastic General Equilibrium models. |
| LO04 | Sİmulates Dynamic Stochastic General Equilibrium models. |
| LO05 | Interprets the Dynamic Stochastic General Equilibrium models. |
| LO06 | Analyzes the short - run equilibrium |
| LO07 | Analyzes the long - run equilibrium |
| LO08 | Evaluates economically the results |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Identify an econometric problem and propose a new solution to it | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Develops new knowledge using current concepts in Econometrics, Statistics and Operations Research | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explain for what purpose and how econometric methods are applied to other fields and disciplines | 4 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Using her knowledge, brings original solutions to problems in Economics, Business Administration and other social sciences | 5 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Creates a new model using mathematics, statistics and econometrics knowledge to solve the problem encountered | 4 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 5 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Collects data on purpose | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field of research | 3 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 5 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | It researches current approaches and methods to solve the problems it encounters and proposes new solutions | 5 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops long-term plans and strategies using econometric and statistical methods | 4 |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Uses a package program/writes a new code for Econometrics, Statistics, and Operation Research | 4 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs self-study using knowledge of Econometrics, Statistics and Operations to solve a problem | 3 |
| PLO16 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads the team by taking responsibility | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in the field of study | |
| PLO18 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | |
| PLO19 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO20 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | |
| PLO21 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | DSGE models, review | Reading Assignments | Öğretim Yöntemleri: Tartışma |
| 2 | Solving DSGE models | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 3 | Intorduction to Simulation DSGE models | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 4 | Simulating DSGE models | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 5 | Model Evaluation | Reading Assignments | Öğretim Yöntemleri: Anlatım, Tartışma |
| 6 | Inference | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 7 | An overview | Reading Assignments | Öğretim Yöntemleri: Tartışma |
| 8 | Midterm Exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
|
| 9 | Technology Shocks | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 10 | Fiscal Shocks | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 11 | Estimating models with nominal and real frictions, | Reading Assignments | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 12 | Evaluating the models with nominal and real frictions, | Reading Assignments | Öğretim Yöntemleri: Tartışma |
| 13 | Investment Shocks | Reading Assignments | Öğretim Yöntemleri: Anlatım |
| 14 | Noise Shocks | Reading Assignments | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | Belirsizlik Şokları | Reading Assignments | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||