Program
Who is this program for?
The Economics Summer School of 91É«ÇéƬ Sydney is taught at the graduate level. As such, it is ideal for current (or aspiring) graduate students, but also for participants from Central banks, government institutions, thinktanks or private companies with needs in economic analysis.
Our program provides its participants with at least three key benefits. First, it offers a deep dive into state-of-the-art approaches in Economics. Second, it also equips its participants with practical skills necessary for independent economic analysis in the future. Finally, aside from the coursework itself, our program offers an excellent networking and socializing opportunity. Sign up to our program, enhance your economic knowledge and expand your network!
Course delivery
The 2027 program runs in person over five days, 8–12 February 2027, at 91É«ÇéƬ Sydney. Teaching runs 9:30²¹³¾â€“12:30±è³¾ and 1:30pm–4:30pm. Each course comprises five three-hour sessions (15 contact hours). Participants may register for the full program (both courses) or for a single course.
³Õ±ð²Ô³Ü±ð:ÌýRoom 130, Level 1, 91É«ÇéƬ Business School building E12, 91É«ÇéƬ Kensington campus.
Timetable
Monday 8 Feb 2027
Macroeconomics of Business Dynamism
9:30²¹³¾â€“12:30±è³¾ and 1:30–4:30±è³¾
Tuesday 9 Feb 2027
Macroeconomics of Business Dynamism
9:30²¹³¾â€“12:30±è³¾ and 1:30–4:30±è³¾
Wednesday 10 Feb 2027
Macroeconomics of Business Dynamism
9:30²¹³¾â€“12:30±è³¾
Climate Econometrics
1:30–4:30±è³¾
Thursday 11 Feb 2027
Climate Econometrics
9:30²¹³¾â€“12:30±è³¾ and 1:30–4:30±è³¾
Friday 12 Feb 2027
Climate Econometrics
9:30²¹³¾â€“12:30±è³¾ and 1:30–4:30±è³¾
Macroeconomics of Business Dynamism
³¢±ð³¦³Ù³Ü°ù±ð°ù:ÌýProfessor Petr Sedlacek
³§³¦³ó±ð»å³Ü±ô±ð:ÌýMonday 8 and Tuesday 9 February: 9:30²¹³¾â€“12:30±è³¾ and 1:30pm–4:30pm; Wednesday 10 February: 9:30²¹³¾â€“12:30±è³¾.
Productivity growth is a key driver of improving living standards. Over the past several decades, however, productivity growth has slowed – both in Australia and abroad. Why?
One important part of the answer lies in what happens across businesses: some firms grow rapidly, others shrink or exit, and new firms enter and displace incumbents. These forces of reallocation and creative destruction help shape aggregate productivity, employment and economic growth, and are central to understanding how industrial policies affect the economy.
This graduate-level course examines the key questions surrounding business dynamism: it is centered around quantitative macroeconomic models, with firm-level data motivating and disciplining them. Each topic starts from key empirical patterns and then develops the models used to understand them. Participants will learn to interpret firm-level data, build and solve quantitative models of business dynamism, and use these frameworks to address key policy questions.
The course covers:
- Entry, exit and firm growth
- Who creates and destroys jobs?
- How do differences in firm growth and survival shape aggregate outcomes?
- How important are small businesses vs startups and young firms?
- Productivity and misallocation
- How large is misallocation within and across countries?
- How do differences across firms shape aggregate productivity?
- How is aggregate productivity affected by policies such as firing costs?
- Firm dynamics and the business cycle
- How do firms respond to recessions and booms?
- Can shocks to particular cohorts have persistent aggregate effects?
- How does business dynamism shape aggregate fluctuations?
- Innovation and creative destruction
- Which firms innovate, invest in R&D and patent?
- How do entry, innovation and reallocation generate growth?
- What do these mechanisms imply for innovation and industrial policy?
Climate Econometrics
³¢±ð³¦³Ù³Ü°ù±ð°ù:ÌýDr Timothy Neal
Schedule: Wednesday 10 February: 1:30pm – 4:30pm; Thursday 11 and Friday 12 February: 9:30am – 12:30pm and 1:30pm – 4:30pm
The interaction between our climate and economy is fundamental. As the climate changes at a quickening rate, using data to understand its impacts and evaluate policies that seek to curb emissions has become very valuable. Empirical work in this area has the potential to improve our understanding of recent macroeconomic phenomena, such as stagnant productivity growth, and our expectations of the future. It is also important in enabling economists to apply cost benefit analysis to climate policy.
This graduate-level course will teach the econometric techniques that have been used to study climate change and the economy, such as panel-data regression, quasi-experimental methods (e.g. instrumental variables, difference-in-difference), and machine learning. It will place equal emphasis on teaching the econometric foundations, and examining prior literature with hands-on coding sessions and group discussion. The course will provide you with tools necessary to conduct your own projects in this area and interrogate existing work.
The course covers:
- Handling weather and emissions data
- What are the relevant data sources?
- Converting geospatial data into a usable format for econometric models
- How to interpret weather and emissions data correctly
- The econometrics of climate change impacts
- Explores the ability of panel data and related regressions in unearthing the impacts of climate change or weather on various outcomes
- Learn how to interrogate economic research and modelling in this area, and critically evaluate the assumptions that underpin the results
- Considers outcomes like economic growth, labour productivity, and agricultural yield
- The econometrics of climate policy evaluation
- Explains the role of experimental and quasi-experimental approaches to evaluating policies that seek to reduce emission intensity or emissions
- How does the empirical research relate to what economic theory suggests is optimal policy?