Advanced Macroeconomics Course
This course equips you with essential advanced macroeconomics tools, focusing on real business cycle (RBC) models, equilibrium derivation, calibration techniques, and policy evaluation. You will learn to analyse technology shocks, interpret impulse responses, and understand steady states to examine economic cycles, growth patterns, and practical decision-making in real-world scenarios.

4 to 360 hours flexible workload
valid certificate in your country
What will I learn?
Gain hands-on expertise in discrete-time RBC models through this course. Construct models from preferences, technology, and markets; derive equilibria and optimality; solve steady states; log-linearise; simulate impulse responses; calibrate with data; and evaluate for policy applications.
Elevify advantages
Develop skills
- Build discrete-time RBC models by specifying firms, households, and equilibrium conditions.
- Derive and interpret Euler equations linking consumption, labour, and prices.
- Compute steady states and log-linearise models for efficient simulations.
- Calibrate RBC parameters using data and literature for reliable policy analysis.
- Generate and interpret impulse response functions to technology shocks with Python, Matlab, or Dynare.
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