Lutz Hendricks. UNC. Department of Economics

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.
  • TR, 3:30-4:45, GA307
  • Text: Acemoglu, Introduction to Modern Economic Growth, MIT Press, ISBN-13: 978-0691132921
  • Office hours: Tue, Thr 10-11, Gardner 06C

Course Material

Syllabus. Grades.

Topic

Date

Material

1. Modern macro

Aug-23
SL

2. Two period OLG models

-- -
Model
Aug-25
SL, PS1, due Tue Sep-6. Answers.
Efficiency and Social Security
Aug-30
SL, RQ
Bequests
Sep-1
SL,
Recitation
Sep-2
OLG examples
Money in OLG models
Sep-1
SL, RQ, PS2 due Tue Sep-13. Answers.
Example

3. Infinite horizon, discrete time models

-- --
The growth model
Sep-6
SL, Example: Heterogeneous households.
RQ, PS3 due Sep-20, Answers.
Dynamic programming
Sep-15
SL, Notes on Dynamic Programming
Recitation
Sep-16
PS2
Example: pricing assets
Sep-20
SL, RQ
Cash in advance models
Sep-20
SL, RQ, PS4 due Sep-27, Answers
Two sector models
Sep-22
SL, RQ, RQ2
Recitation 
Sep-23
PS3

4. Infinite horizon, continuous time models

-- --
Solow model
Sep-29
SL
Optimal control
Oct-4
SL
The growth model
Oct-4
SL, RQ
Dynamics and phase diagrams
Oct-6
SL, PS5 due Oct-13. Answers.
Recitation 
Oct-7
PS 4
Oct-13
2010 Exam with answers.
Money in the utility function
Oct-11
SL, RQ
Perpetual youth
Oct-18
SL
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
Schumpeterian growth
Nov-15
SL, PS6, Answers
Recitation
Nov-11
R&D examples

6. Stochastic Growth

 - -

Stochastic optimization

Nov-15
SL

Asset pricing

Nov-17
SL, RQ, PS7 due Nov-29. Answers

Stochastic growth model

Nov-22
SL, RQ (Nov-24 is Thxgiving)
Incomplete markets: Bewley model
Nov-22
SL, Krusell and Smith

7. Search and Matching

-- -
    McCall model Nov-29
SL, PS8, not to be handed in.
    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
In the usual class room. About 2 hours.
[SL]: Slides
[PS]:  Problem set 
[RQ]: Review questions
   

Previous exams


Additional Notes