Course description

Topics in Macroeconomic Dynamics

Introduction

Please note that this course will be revised before it is offered again.

The topic differs from year to year and the course is taught by an international scholar.The course is organized as a cooperation with BI Norwegian Business School, the University of Oslo (UiO) and the Norwegian School of Economics (NHH), and the location alternates between the three places.

As part of the course, there is a one-day workshop where the students can present their own work. In addition to the course instructor, a number of faculty members from BI, the UiO, NHH, and Norges Bank attend and give feedback on the presentations.

The aim of the one-day workshop is to offer young researchers interested in macroeconomics broadly defined (including for example business cycle research, financial economics, macro/labor and macroeconomic aspects of public economics) a forum for presentation and discussion of their own work. Both theoretical and empirical work can be presented.

This year the course will be taught by Professor Richard Rogerson from Princeton University.

Course content

In 2016 the course will focus on Misallocation and Aggregate Productivity and topics will include:

(a) Development accounting, and the importance of productivity differences for understanding cross-country differences in living standards
(b) Measuring misallocation, with applications to a variety of contexts
(c) Theories of misallocation, including various regulations, financial frictions, land reforms.

Learning outcome knowledge

The course is to bring the student to the research frontier in a specific topic in macroeconomics. The topic differs every year.

Exam organisation

  • Written assignment: 100%