Wouter J. den Haan - LSE Macroeconomics Summer Courses


Macroeconomics Summer Courses - August 2011

Tools to work with modern macro models

The two courses:
  1. The essentials; Solving and estimating DSGE models: August 15-19
    NEW in 2011:
    • Parameterized expectations
      • 1991 Den Haan & Marcet version and 2011 Maliar, Maliar, & Judd version
    • Occasionally binding constraints
    • Value function iteration
    • Additional asset price application
    • Additional projection methods applications
  2. Solving DSGE models with heterogeneous and boundedly rational agents: August 22-26
    NEW in 2011:
    • Least-squares learning
    • More applications with boundedly rational agents (TBA)
    • Model in which rational firms will "follow" irrational firms

Instructor: Wouter J. den Haan
E-mail: wjdenhaan@gmail.com


Evaluations of 2010 courses:
  • Part I: Essentials (August 2010) 4.95 (out of 5)
  • Part I: Essentials (August 2010) 4.89 (out of 5)
  • Part II: Heterogeneous Agents (August 2010) 4.89 (out of 5)
  • Detailed comments can be found here

Key elements of each course
  • Each morning: 3 hour lecture
  • Each afternoon: computational assignments solved in groups with assistance provided by instructor and teaching assistants
  • Not a focus on one technique/program, but discussion of state of the art available alternatives
  • Focus on accuracy - making sure that what you get makes sense
  • Not just computational techniques; each day a link with an economic problem
  • Focus on understanding the techniques, not on simply running programs and generating output
  • Lecture notes and programs with which you can do the assignments and improve your skills after the course has ended
  • Instructor has taught at Carnegie Mellon University, University of California at San Diego, Wharton School of the University of Pennsylvania, London Business School, London School of Economics, Stockholm School of Economics, Mannheim University, CREST-ENSAE, Universitat Pompeu Fabra, Koc University, Bank of Portugal, Riksbank in Stockholm, and the European Central Bank. Instructors evaluations

Fees for 2011:
  • regular fee for one week course: £ 1,150 (does not include accomodation)
  • fee for full time students: £ 650 (does not include accomodation)

How to apply:
    Both weeks of the Macroeconomics Summer Programme are now full, and so we are no longer accepting applications. We are now operating a waiting list system. If you would like to be added to the waiting list, please email us at SSEP.Macroeconomics@lse.ac.uk with your details, so that we may contact you in the event of a place on the programme becoming available.

Hotels/Lodgings: