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Business cycle analysis and short-term macroeconomic forecasts [ LECON2311 ]


5.0 crédits ECTS  30.0 h   2q 

Teacher(s) Bodart Vincent ; Ledent Philippe (compensates Bodart Vincent) ;
Language French
Place
of the course
Louvain-la-Neuve
Main themes The main focus of the course is the analysis of the economic business cycle, that is the sucession over time of periods of expansion and periods of recession. The course is divided in two parts. The first part is devoted to the presentation of some important stylized facts about the economic business cycles in the advanced economies and to the analysis of the principal economic mechanisms that are considered to be at the origin of business cycle fluctuations. In the second part, we will examine the tools and methodologies that are necessary to build a rigorous conjonc-tural analysis and to establish short-term macroeconomic forecasts
Aims The course has two main objectives : (1) analyze the principal economic mechanisms that are at the origin of business cycle fluctuations ; (2) give students the tools and methodologies that are necessary to build a rigorous conjonctural analysis and to establish short-term macroeconomic forecasts.
Content Part I: Business cycles : definitions, stylized facts and et analysis Chapter 1. Definitions of the business cycle Chapter 2. The business cycle : empirical facts Chapter 3. The dynamics of the business cycle Chapter 4. The stabilization of the business cycle since 1980 Chapter 5. The international synchronization of business cycles Part II. Conjonctural analysis Chapter 1. Tools and methods Chapter 2. The conjonctural diagnosis (analysis of recent economic developments) Chapter 3. Short-term macroeconomic forecasting A syllabus is available and a list of additional readings is provided. Within Part II, the students will have to work by groups on a case study.
Other information Undergraduate macroeconomics Written exam + case study Syllabus + slides + readings None
Cycle et année
d'étude
> Master [120] in Mathematical Engineering
> Master [120] in Economics: General
> Master [60] in Economics : General
Faculty or entity
in charge
> ECON


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