ECON 766 / Computational Methods

3 unit(s)

Prerequisite(s): ECON 724 and ECON 762

Most models used in economics today do not have analytical solutions. Hence, computational methods and algorithms to solve economic models are important tools. This course has three goals. Provide an introduction to computational methods for solving economic models with representative or heterogeneous consumers or firms; learn how to map model to data by assigning parameter values; compare the economic behavior implied by the model with data, and run counter factual exercises for policy and welfare.