Econ720 -- Fall 2009 --
Advanced Macroeconomic Theory I
AnnouncementsText: Acemoglu, Introduction to Modern Economic Growth, MIT Press,
ISBN-13: 978-0691132921
Dirk Krueger's draft
text book on
Macro Theory may be helpful. |
Course Material
Syllabus.
Topic
|
Date
|
Material
|
1. Modern macro
|
Aug-25 |
SL |
2. Two period OLG models
|
-- |
- |
| Model |
Aug-25 |
SL, PS1,
Answers |
| Efficiency and Social
Security |
Sep-1 |
SL,
RQ |
| Bequests |
Sep-1 |
SL |
| Money in OLG models |
Sep-3 |
SL,
RQ,
PS2,
Answers. |
3. Infinite horizon, discrete time
models
|
-- |
-- |
| The growth model |
Sep-8 |
SL,
RQ,
PS3, Answers. |
| Dynamic programming |
Sep-8 |
SL, Notes on Dynamic
Programming |
| Recitation |
Sep-18 |
Bonds of different maturities. |
| Example: pricing assets |
Sep-22 |
SL,
RQ |
| Cash in advance models |
Sep-22 |
SL,
RQ,
PS4, Answers |
| Two sector models |
Sep-29 |
SL,
RQ,
RQ2 |
|
Recitation |
Oct-2 |
Heterogeneity in an Infinite Horizon
Model |
4. Infinite horizon, continuous time
models
|
-- |
-- |
| Solow model |
Oct-1 |
SL |
| Optimal control |
Oct-1 |
SL |
| The growth model |
Oct-7 |
SL,
RQ |
| Dynamics and phase diagrams |
Oct-7 |
SL,
PS5, Answers. |
| Recitation |
Oct-9 |
PS 4 |
| Money in the utility function |
Oct-13 |
SL,
RQ |
| Aggregation issues |
Oct-13 |
SL |
| Midterm |
Oct-15 |
Exam with
answers. |
| No recitation |
Oct-16 |
But you can go to Jack's seminar... |
| Perpetual youth |
Oct-20 |
SL |
5. Endogenous growth
|
-- |
-- |
| Endogenous growth: AK model |
Oct-27 |
SL,
RQ |
|
Recitation |
Oct-30 |
Solution to midterm, take 2 |
| R&D |
Nov-3 |
SL |
| Increasing varieties |
Nov-5 |
SL,
RQ,
PS6, Answers |
|
No recitation |
Nov-6 |
-- |
6. Stochastic Growth
|
|
- |
|
Stochastic optimization
|
Nov-10 |
SL |
|
Asset pricing
|
Nov-15 |
SL,
RQ,
PS7 [updated 11/13/09], Answers |
|
Stochastic growth model
|
Nov-17 |
SL,
RQ |
| Incomplete markets: Bewley
model |
Nov-19 |
SL |
7. Search and Matching
|
-- |
- |
| McCall model |
Nov-24
|
SL, PS8 [corrected Dec-3], Answers.
|
| Mortenson-Pissarides |
Nov-24
|
SL,
RQ
|
| Search models of money |
Dec-1
|
SL |
8. Contracts
|
--
|
--
|
| Limited commitment |
Dec-3
|
SL |
| Asymmetric information |
Dec-4
|
SL We are having a class during recition time to make up for a missed class earlier.
|
Unemployment insurance
|
Dec-8
|
SL, RQ
|
Final exam
|
Dec-12 |
4pm. Yes, it's a Saturday... in the usual class room.
|
[SL]: Slides
[PS]: Problem set
[RQ]: Review questions |
|
|
|
Previous exams
Additional Notes
|
Last updated:
11/17/2009
|
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