Dynamic Macroeconomics

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Dynamic Macroeconomics

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business, Business Administration, Economics, International Economics

  • Language Level

    Taught In English

  • Prerequisites

    Students are expected to have completed:

    Microeconomics, Mathematics for Economics II, Microeconomic Theory
    (Since all models studied in this course are "micro-founded",
    i.e. based on agents solving explicit maximization problems, it is
    essential that students are familiar with solving consumers'/firms'
    problems and solving for general equilibrium.)

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    Learning Outcomes

    To acquire knowledge and comprehension for:

    - the dynamic nature of economic decisions.
    - Solving dynamic consumption-savings problems.
    - Solving a general-equilibrium model and comparing it to the
    efficient allocation (planner's problem).
    - Solving a model numerically on the computer.
    - Solving an overlapping-generations model with a pay-as-you-go
    pension system.
    - Solving a simple model of search and matching.
    Transferable aims:
    - To increase the capacity to deal with abstract concepts.
    - To improve the ability to formalize theoretically an economic problem.
    - To acquire agility in solving practical problems.
    - To foster teamwork ability.
    - To be able to perform critical analysis of arguments and theories.
    - To improve oral and written communication.

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.