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OEBU 2160A - Using Ecomonic data in Practice : Strategy for Success

Type d'enseignement : Elective

Semester : Autumn 2017-2018

Number of hours : 12

Language of tuition : English

Pre-requisite

None.

Course Description

Economic data are released on a day-to-day basis, and are processed by people in real time. This course will show you how to process this dataflow from a practical perspective. We will download data, transform data, and work with basic economic relationships in Excel. You will work on writing simple notes, such as the ones used in policy and private institutions. An important emphasis will be made on the use of charts. What do we expect for growth and inflation going forward? What does this mean for monetary and fiscal policy? Are structural reforms needed? Answering those questions requires skills and tools that people use on a daily basis in governments, international organizations, and the private sector. We want you to learn these skills in order to make your own view of the economy.

Teachers

BRUN-AGUERRE, Raphael (Senior Economist, J.P.Morgan)

Pedagogical format

Lectures and case studies.

Course validation

One individual project (60%) and one final examination in class (40%). For the project (1000 words maximum), students must pick a question and answer it using data (8 charts/tables to be done). Some examples will be shown. The final examination includes a Q&A test (20%) and short questions (20%).

Workload

4 seminars of three hours each (12 hours). Credits: 2.

Required reading

  • Banque de France (2015), “Potential growth: a crucial but complex concept”, Focus 13, March 2015
  • Knotek, Edward, S. (2007), How useful is Okun's law?, Economic Review, Federal Reserve Bank of Kansas City, p.73-103.
  • IMF (2016), “Global Disinflation in an Era of Constrained Monetary Policy?”, World Economic Outlook October 2016
  • Taylor J., B. (1993), “Discretion versus Policy Rules in Practice”, Carnegie-Rochester Conference Series in Public policy 39, 195-214

Additional required reading

  • Chamberlin, G., Yueh L. (2006), Macroeconomics, Cengage Learning EMEA
  • Blanchard, O. (2017), Macroeconomics, Pearson