THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2021/2022

Information in the Degree Programme Tables may still be subject to change in response to Covid-19

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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Numerical Methods in Economics (ECNM11080)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThis course provides a five lectures introduction to numerical methods in economics, and in particular to its applications in macroeconomics. The course is intended for students that are economically mature (with at the least a Master¿s degree), but computationally inexperienced (although a superficial familiarity with Matlab is required). The course is targeted to users of numerical methods rather than developers of such methods. As a consequence, a strong emphasis will be put on ¿what works¿ with relatively little theoretical justifications.
Course description The lectures will cover the following topics: i) an introduction to dynamic programming; ii) functional approximation and nonlinear equations, iii) solving nonlinear rational expectations models, iv) incomplete markets models, v) continuous time models and methods.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2021/22, Not available to visiting students (SS1) Quota:  2
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 15, Seminar/Tutorial Hours 15, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 68 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) Coursework 100%
Feedback Not entered
No Exam Information
Learning Outcomes
solve numerically, using MATLAB, for the equilibria of some classic models in macroeconomics (e.g. the Ramsey growth model, the Aiyagari model, as well as the Diamond-Mortensen-Pissarides model).
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
KeywordsNot entered
Contacts
Course organiserProf Andy Snell
Tel: (0131 6)50 3848
Email: a.j.snell@ed.ac.uk
Course secretaryMs Kalina Charvala
Tel: (0131 6)51 1795
Email: Kalina.Charvala@ed.ac.uk
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