ETC4430

Quantitative economic policy

(BUS)

Professor Alan Powell

7 points + Two 1.5-hour lectures per week + Second semester + Clayton + Prerequisites: ECC2020 and one of ETC3400 or ETC3410

Synopsis: Topics include the development and evolution of reduced-form models prior to the Lucas critique; the subsequent shift toward structural modelling; econometric features of quantitative policy models, including appropriate functional forms and restrictions on parameters (flexibility, curvature restrictions, regularity); data sources and estimation strategies. The subject will include a critical survey of modern models for micro- and macroeconomic policy studies.

Assessment: Written (assignments): 40% + Examination (2 hours): 60%