Housing and the macroeconomy EC38045

Course information

This is a 3.5 credit course.

Course description

Housing markets are central to macroeconomic fluctuations, household balance sheets, credit markets, and public policy. This short course introduces students to the key economic mechanisms linking housing, mortgage markets, consumption, credit, and aggregate dynamics. The course combines theory, quantitative modelling, and empirical evidence, with an emphasis on tools that are useful for current research and policy analysis.

Content

We will study housing markets both theoretically and empirically, with the goal of introducing students to standard modelling frameworks and empirical approaches in the macro-housing literature. The course will cover empirical facts about housing markets; benchmark quantitative models with housing, tenure choice, and mortgages; and applications from recent research and policy questions.

Structure

The course will consist of four lectures. Coursework will be based on practical exercises, including solving housing models on a computer. Students should be familiar with the tools taught in Quantitative Macro Methods.

Syllabus

TBA

Examiners

Brian Higgings
Karin Kinnerud
Markus Karlman

Course director

Brian Higgings