Advanced Macroeconomics I

Introduction

This half semester course aims to introduce students to the basic models and modeling tools in modern macroeconomics. We will start with core issues in the theory of consumption, followed by a rigorous introduction to the neoclassical growth model. In the process we will also cover dynamic optimization tools, which are extensively used in modern macroeconomics. 

Course content

• Introduction to the Consumption-Saving Model and Euler Equations
• The Neoclassical Growth Model
• Introduction to Dynamic Programming
• Introduction to Numerical Dynamic Programming

There will be 5 lectures (15 lecture hours). In addition, 3 lecture hours will be used for exercises and for providing feedback to students on problem sets. Students are required to participate in class, as well as solve and hand in solutions to exercises and problem sets.