2 credits
Spring 2026 Lecture
One of the challenging and interesting areas of economic research seeks to integrate three intimately related dimensions of economic activity and the choices underlying them: who, when, what, and where? In a nutshell, the main objective of this course is to develop a better understanding of what I will call DS2GE models - Dynamic Stochastic Spatial General Equilibrium models. The strategy will be to take different paths through the research literature while maintaining focus on the who, what, when and where in each reading.
Learning Outcomes1Have a deep understanding of the key theoretical models in use in the field.
2Understand how the model is both shaped by empirical observation and estimated or tested using real-world data.
3Solve some small-scale models or sub-parts of models.
4Use computer algorithms to formulate, calibrate, estimate and simulate a small-scale Dynamics Stochastic General Equilibrium model of an open economy.
5Read, understand and assess (i.e., write a professional referee report) peer-reviewed publications in the field of international macroeconomics and trade.
6Present a research paper clearly and with insight.
7Develop a preliminary research paper proposal as might fit into a dissertation proposal.
Restrictions
made by Purdue students.