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A Python-based undergraduate course in computational macroeconomics.

Authors :
Jenkins, Brian C.
Source :
Journal of Economic Education; Apr-Jun2022, Vol. 53 Issue 2, p126-140, 15p, 1 Diagram, 1 Chart, 3 Graphs
Publication Year :
2022

Abstract

The author of this article describes a new undergraduate course where students use Python programming for macroeconomic data analysis and modeling. Students develop basic familiarity with dynamic optimization and simulating linear dynamic models, basic stochastic processes, real business cycle models, and New Keynesian business cycle models. Students also gain familiarity with the popular Python libraries NumPy, Matplotlib, and pandas and make extensive use of the Jupyter Notebook. For many students in the course, this is their first experience with computer programming in any language. Feedback from students suggests that, regardless of prior programming experience, they find the course to be valuable, interesting, and enjoyable. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00220485
Volume :
53
Issue :
2
Database :
Complementary Index
Journal :
Journal of Economic Education
Publication Type :
Academic Journal
Accession number :
156279254
Full Text :
https://doi.org/10.1080/00220485.2022.2038322