IDEAS home Printed from
   My bibliography  Save this paper

Teaching simulation methods in economics


  • Michael Reiter

    () (Economics Universitat Pompeu Fabra)


I will discuss my experiences with the course "Simulation methods", given several times in the graduate program of the University Pompeu Fabra, Barcelona. The main topics of the course are 1) Basic techniques of numerical analysis: nonlinear unconstrained and constrained optimization, nonlinear systems of equations, function interpolation, etc. 2) Numerical dynamic programming 3) Solution of linear(ized) rational expectations models 4) Projection methods. The course is for 2nd year PhD students. Most students have a specialization in macroeconomics, but some come from microeconomics or finance. Therefore, applications include business cycle models, models of optimal fiscal and monetary policy, optimal portfolio choice and option pricing. For more detailed information on the course, see the syllabus at The course homepage is All the programming is done in Matlab. I will talk about the experience with this, and about ways of overcoming some shortcomings of Matlab programming.

Suggested Citation

  • Michael Reiter, 2006. "Teaching simulation methods in economics," Computing in Economics and Finance 2006 37, Society for Computational Economics.
  • Handle: RePEc:sce:scecfa:37

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item


    computational economics; teaching;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sce:scecfa:37. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.