Macroeconomic theory i
Master
In Maynard (USA)
Description
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Type
Master
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Location
Maynard (USA)
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Start date
Different dates available
Introduction to the theories of economic growth. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited.
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Location
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Subjects
- Programming
- Financial Training
- Trade
- Technology
- Financial
- International
- Market
- International Trade
Course programme
Lectures: 2 sessions / week, 1.5 hours / session
Recitations: 1 session / week, 1.5 hours / session
This is a half semester introduction to the neoclassical growth model-the workhorse of modern macroeconomics-and a review of endogenous growth theory. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited.
If you are an MIT Economics Ph.D. student, you have to take the course (or pass the waiver). Otherwise, please come and see me to discuss whether this course is appropriate for you.
14.06 Advanced Macroeconomics.
Bonus points are also given for class participation.
Acemoglu, D. Introduction to Modern Economic Growth. Cambridge, MA: Massachusetts Institute of Technology, 2007.
Barro, R. J., and X. Sala-i-Martin. Economic Growth. New York, NY: McGraw-Hill, 1995. ISBN: 0070036977.
Syllabus, Introduction
Economic Growth and Economic Development
The Solow Growth Model
The Solow Growth Model and the Data
Foundations of Neoclassical Growth
Dynamic Programming and Optimal Growth
Review of the Theory of Optimal Control
The Neoclassical Growth Model
Problem set 1 out on Ses #L4
Problem set 1 due and Problem set 2 out on Ses #L6
Human Capital and Economic Growth
First-Generation Models of Endogenous Growth
Problem set 3 due
Problem set 4 out
Expanding Variety Models
Models of Competitive Innovations
Directed Technological Change
Problem set 4 due
Problem set 5 out
Problem set 5 due
Final Exam four days after Ses #L13
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Macroeconomic theory i