Most macroeconomic outcomes depend on people’s beliefs about the future. Different models of expectation formation will, as such, have different implications for macroeconomic dynamics. This short course aims to introduce you to the main methodological tools used in behavioural macroeconomics, while at the same time providing a survey of the main questions and answers given in the modern literature.
TOPICS COVERED:
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The empirical evidence on expectations
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Data-consistent models of expectation formation
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Macroeconomic consequences of data-consistent models of expectations
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The rise of the data-economy and its macroeconomic implications
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Who is the Course for?
The target audience for this course is Graduate Students completing a PhD or MPhil in Economics, and professionals working in central banks and international institutions in research. For a definitive ranking of the mathematical and theoretical skills needed for this course, please view the brochure.
Choose to follow the Macroeconomics Pathway to deepen your knowledge of Macroeconomics with courses in Behavioural Macroeconomics (morning session) and International Finance (afternoon session). Or mix and match, choosing different morning or afternoon sessions from our other pathways: Applied Microeconomics or Econometrics.
