MPE_AMEM Applied Macroeconomic Modelling

Faculty of Economics and Administration
Spring 2025
Extent and Intensity
0/1/0. 2 credit(s). Type of Completion: z (credit).
In-person direct teaching
Teacher(s)
Mgr. Tomáš Motl (seminar tutor)
Ing. Mgr. Vlastimil Reichel, Ph.D. (seminar tutor)
Mgr. Jakub Chalmovianský, Ph.D. (assistant)
Guaranteed by
Ing. Mgr. Vlastimil Reichel, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 18/24, only registered with preference (fields directly associated with the programme): 13/24
fields of study / plans the course is directly associated with
Course objectives
The course introduces students into basics of applied macroeconomic modeling. The course aims to show the process of tailoring a model to a particular economy, evaluating the model, and using the model for forecasting.
Learning outcomes
The course will be hands-on -- students will analyze a specific period in a specific country, describe the underlying economic shocks, and represent these shocks in the forecast.
Syllabus
  • The course introduces students into basics of applied macroeconomic modeling. The course, led by practitioners with experience from central banks and private sector, will build a structural macroeconomic model. The model will be brought to data and used to analyze the situation in Azerbaijan in 2015-16.

  • Block 1 & 2: Introducing standard QPM model, interpreting basic equations

  • Block 3&4: Tailoring the model to specific economy and understanding model properties

  • Block 5&6: Economic analysis -- identifying of underlying macroeconomic shocks, building a forecast

Literature
    required literature
  • COSTA, Celso. Understanding DSGE. Wilmington: Vernon Press, 2016, x, 269. ISBN 9781622730384. info
    recommended literature
  • SIMON, Carl P. and Lawrence BLUME. Mathematics for economists. 1st Indian ed. New Delhi: Viva Books, 2006, xxiv, 930. ISBN 9788130916002. info
  • Handbook of macroeconomics. Edited by John B. Taylor - Michael Woodford. 1st ed. Amsterdam: Elsevier North Holland, 1999, xxii, 737. ISBN 0444825282. info
Teaching methods
Lectures and exercises. The course is led by practitioners with experience from central banks and private sector. The course will be given in English.
Assessment methods
Final projects. Students are expected to work in small groups.
Language of instruction
English
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: in blocks.
General note: Výuka probíhá blokově dle rozvrhu v ISu.
The course is also listed under the following terms Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2024.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2025/MPE_AMEM