Econ520 - Advanced Macroeconomic Theory
Spring 2012 - Prof. Lutz Hendricks
Announcements
- No class on Mar-1 (will be rescheduled).
- Feb-3:
One of our PhD students is conducting a study on textbook use. He is
asking students to participate in a survey. If you would like to help,
please click here. Participation is, of course, voluntary.
-
Exam dates are: Feb-14, Mar-22, final: May-1 4pm.
-
Important: you must have passed Intermediate Macroeconomics to register for this course.
For those planning / buying ahead: the text will be
Charles Jones. Introduction to Economic Growth (Second Edition), 2001. ISBN-13: 978-0393977455. I will also draw on:
Charles Jones. Intermediate Macroeconomics. Norton. ISBN-10: 0393926389 ISBN-13: 978-0393926385. [A 2nd edition also exists]
Class meets Tue, Thr 3:30 - 4:45pm, GA007.
Check this web site (www.lhendricks.org) regularly
for updates.
Syllabus. Course grades. Letter grade cutoffs: A: 85, B: 70, C: 55, D: 45. Math review problems.
Schedule
Topic
|
Date
|
Material
|
Introduction
|
Jan-10
|
SL
(SL means "slides" - which appeared on the screen in class.) |
Economic Growth
|
-- |
-- |
| Growth facts |
Jan-12
|
J1, JA.1, SL, PP |
The Role of Capital
|
Jan-17
|
J2, SL, PP |
| Solow model |
Jan-19
|
J2, SL, PP
|
|
Applications
|
Jan-26
|
J3, SL
|
Institutions
|
Jan-31
|
J7, SL, PP
|
| Ideas |
Feb-2
|
J4, SL |
| Romer model |
Feb-4
|
J5, SL, PP
|
| Exam 1 |
Feb-14 |
Bring: paper, pens, calculator.
Rules: closed book, closed notes. Questions similar in spirit to Practice Problems.
Material covered: Up to (including) Romer model.
|
Long-run Challenges for the U.S. Economy
|
-
|
-
|
Life-cycle model
|
Feb-16
|
SL, PP
|
|
Adding a government
|
Feb-23
|
SL
|
| Fiscal policy
|
|
SL, PP
Visual exploration of the federal budget
|
| International trade: twin deficits |
|
SL, PP
|
Exam 2
|
Mar-22
|
Bring: paper, pens, calculator.
Rules: closed book, closed notes. Questions similar in spirit to Practice Problems.
Material covered: TBA. But remember: New material builds on older material.
|
|
The falling U.S. saving rate |
|
SL, PP |
|
Do Americans save enough?
|
|
SL
|
| Income inequality
|
|
SL
|
Labor markets
|
|
SL, PP
|
|
Unemployment
|
|
SL
|
|
Hours worked
|
|
SL
|
Open economy
|
|
SL, PP
|
| Last class |
|
Review. All questions answered.
|
| Final exam |
May-1
|
Rules as previous 2 exams. Time: 4pm to 5:15pm.
Material covered: TBA.
But remember: New material builds on older material.
|
Legend: "J1" means Jones, Introduction to Economic Growth, ch. 1.
SL: slides. PP: practice problems (not to be handed in).
Past exams:
|