2 July 2021
The macroeconomics sequence in the PSE summer school introduces students to the frontier of research on a variety of topics. We cover both short-term macro analysis in closed and open economies and medium-term issues such as bubbles, unemployment, inequalities and fiscal policies.
The PSE summer school macroeconomics program introduces participants to cutting-edge research on the topics listed below, and familiarizes them with the relevant methods needed to analyze them (econometric analysis, dynamic modelling). The objective of the course is to equip the participants with the background and tools that are needed to both contribute to these dynamic fields in terms of research, as well as to perform policy design and evaluation.
- Heterogeneous agent models – Florin Bilbiie
- Inequality and macroeconomics – Romain Rancière
- Dynamic fiscal policy – Axelle Ferrière, Francesco Pappada
- Unemployment in macroeconomics – Jean-Olivier Hairault
Bubbles – Gilles Saint-Paul
rogramme Supervisor: Gilles Saint-Paul is a professor at the Paris School of Economics (Paris Sciences Lettres) and holds a visiting position at New York University in Abu Dhabi. ,Webpage: https://www.parisschoolofeconomics.eu/en/saint-paul-gilles/
Microeconomics and Macroeconomics at intermediate level is highly recommended.
How will professionals benefit from the programme:
Professionals can get an edge by keeping in touch with research. This involves not only awareness of recent developments, but also being able to critically evaluate this research, whose findings are all too often highlighted in a positive light in popular media, despite methodological shortcomings. Participants in the macro sequence will be exposed to the architecture of modern research and will be able to analyze modelling assumptions and discuss their relevance. This is a critical skill for any decision maker who wants to make the best out of modern research.
How will students benefit from the programme:
Students will learn or consolidate essential skills in light of the most recent literature. The sequence is particularly useful for students enrolled in a Ph.D. program with less than comprehensive coursework requirement. MA students will get a fresh exposure to macroeconomics as it is produced by leaders in the field and taught at an advanced level.
The aim of the programme is to provide the essential tool box of macroeconomics. Emphasis is put on introducing tools and developing deep understanding. All courses review core, standard models that are useful for understanding crises and recessions, and the role of policy therein. We then introduce recent research at the frontier.
The Paris School of Economics does not provide ECTS certificates. It is up to the participant to contact his/her university to see if the summer school can be counted as an ECTS course for his/her degree
EUR 1200: Student: 1200 euros
EUR 1500: Professional: 1500 euros if not sponsored, 2000 euros if sponsored by a private organisation.
Unfortunately, PSE does not propose scholarships for the summer school.