FINA60052
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Session 4: Thinking like a modern macroeconomist
HEC Montréal
Thierry Warin
https://warin.ca/cv/thierry.html
(HEC Montréal & Cirano (Montréal))
https://www.hec.ca
01-01-2021
Contents
Description
Activities/Ressources before the session
Presentation
Activities/Ressources during the session
Activitiess/Ressources after the session
Description
Distinguish between the standard macro model and the modern macro model.
Trace the development of the standard and modern models of the economy.
Discuss the advantages and disadvantages of the standard macro model.
Explain what assumption each of the letters in “DSGE” from the DSGE model represents.
State three policy implications of the dynamic stochastic general equilibrium (DSGE) model.
Summarize the complex systems approach to macro.
Activities/Ressources before the session
Presentation
Presentation
Activities/Ressources during the session
Activitiess/Ressources after the session