After successful completion of the course, students are able to...
Part I: The deterministic neoclassical growth model
Part II: The stochastic neoclassical growth model
The course is split into two parts. Each part consists of several classroom sessions followed by a project phase. The classroom sessions take place at university. Please note that due to the COVID situation the format of the course may change to online mode!
Due to time limitations, there is no introductory meeting this year. A recording with the information usually given there is provided in this video.On March 7, we will already start with the discussion of the deterministic neoclassical growth model!
The syllabus and further time schedule can be found at http://www.mkerndler.com/downloads/dynmod_syllabus_ss2022.pdf.
The grade is based on two projects, which have to be worked out in groups of one or two students during the semester.
Prior knowledge of dynamic economic models (in particular the Ramsey growth model) is advantageous but not necessary. The computational implementation of the projects should be done in MATLAB. Students who have never worked with MATLAB before or have not used it for a while, are expected to go though an introductory guide before (a reference is provided in the detailed syllabus on the TUWEL site of this course).