Econ720. Fall 2011. Advanced Macroeconomic Theory I
Announcements
- Dec-19: I posted the final exam grades. Happy holidays.
- Nov-16: To make up for a lost class, we will have class during this Friday's recitation (Nov-18).
- Sep-26: No office hours today due to illness.
- The TA is Stephen Goldberger: sgoldber at live.unc.edu.
-
Text: Acemoglu, Introduction to Modern Economic Growth, MIT Press,
ISBN-13: 978-0691132921
- Office hours: Tue, Thr 10-11, Gardner 06C
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Course Material
Syllabus. Grades.
Topic
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Date
|
Material
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1. Modern macro
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Aug-23
|
SL |
2. Two period OLG models
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-- |
- |
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Model
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Aug-25
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SL,
PS1, due Tue Sep-6. Answers.
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Efficiency and
Social Security
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Aug-30
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SL,
RQ
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Bequests
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Sep-1
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SL,
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Recitation
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Sep-2
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OLG examples
|
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Money in OLG
models
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Sep-1
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SL, RQ,
PS2 due Tue Sep-13. Answers.
Example
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3. Infinite horizon,
discrete time models
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-- |
-- |
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The growth model
|
Sep-6
|
SL,
Example:
Heterogeneous
households.
RQ, PS3 due Sep-20, Answers. |
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Dynamic
programming
|
Sep-15
|
SL,
Notes on Dynamic
Programming |
|
Recitation
|
Sep-16
|
PS2
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Example:
pricing assets
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Sep-20
|
SL, RQ |
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Cash in advance
models
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Sep-20
|
SL,
RQ, PS4 due Sep-27, Answers |
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Two sector
models
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Sep-22
|
SL,
RQ, RQ2 |
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Recitation
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Sep-23
|
PS3
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4. Infinite horizon,
continuous time models
|
-- |
-- |
|
Solow model
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Sep-29
|
SL |
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Optimal control
|
Oct-4
|
SL |
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The growth model
|
Oct-4
|
SL, RQ |
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Dynamics and
phase diagrams
|
Oct-6
|
SL, PS5 due Oct-13.
Answers. |
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Recitation
|
Oct-7
|
PS 4 |
|
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Oct-13
|
2010 Exam with answers. |
|
Money in the
utility function
|
Oct-11
|
SL,
RQ |
|
Perpetual youth
|
Oct-18
|
SL |
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Aggregation
issues
|
Oct-18
|
SL |
|
No
recitation
|
Oct-21
|
--
|
Fall break
|
Oct-20
|
--
|
5. Endogenous growth
|
-- |
-- |
|
Endogenous
growth: AK model
|
Oct-29
|
SL,
RQ |
|
R&D
|
Nov-3
|
SL |
|
Increasing
varieties
|
Nov-8
|
SL, RQ, |
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Schumpeterian growth
|
Nov-15
|
SL, PS6, Answers |
|
Recitation
|
Nov-11
|
R&D examples
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6. Stochastic Growth
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- |
- |
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Stochastic optimization
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Nov-15
|
SL |
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Asset pricing
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Nov-17
|
SL, RQ, PS7 due Nov-29. Answers |
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Stochastic growth model
|
Nov-22
|
SL, RQ (Nov-24 is Thxgiving)
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Incomplete
markets: Bewley model
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Nov-22
|
SL, Krusell and Smith
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7. Search and Matching
|
-- |
- |
| McCall
model |
Nov-29
|
SL, PS8, not to be handed in.
|
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Mortenson-Pissarides |
Dec-1
|
SL, RQ
|
| Search
models of money |
skipped
|
SL |
8. Contracts
|
--
|
--
|
| Limited
commitment |
Dec-1
|
SL |
|
Asymmetric information |
|
SL
|
Unemployment
insurance
|
|
SL, RQ
|
Final exam
|
Dec-15
4pm
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In the usual class room. About 2 hours.
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[SL]: Slides
[PS]: Problem set
[RQ]: Review questions |
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Previous exams
Additional Notes
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