Fall 2013 not offered
Since the 1970s, macroeconomics has witnessed a methodological shift away from models based on relationships among aggregate variables in favor of models based on optimizing individual behavior in multiperiod settings. This course will develop skills and introduce concepts and techniques necessary to understand these models. Likely topics include the Solow growth model, dynamic consumption theory, the equity-premium puzzle, and real-business-cycle theory.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Fulfills a Major Requirement for: (ECON-MN)(ECON)
F. Bagliano and G. Bertola, MODELS FOR DYNAMIC MACROECONOMICS, Oxford.
M. Wickens, MACROECONOMIC THEORY: A DYNAMIC GENERAL EQUILIBRIUM APROACH, Princeton.
Selected journal articles.
|Examinations and Assignments: |
5-8 problem sets, 2 midterm exams and a comprehensive final exam.
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