Course: JEM004 Macroeconomics AI 10/11

Section outline

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General

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The aim of this course is to provide introduction into the study of advanced topics in macroeconomics. We present the comparison of competing theories of economic growth together with the description of their conceptual evolution to the current form. We further focus on the analysis of economic cycles, inflation, monetary policy and unemployment. Mathematical models are broadly used throughout the course, with special emphasis both on their interpretation and on mastering mathematical methods necessary for development of these models. The language of the course is English.
Grading:

three home-assignments (6 points maximum each),

written midterm exam (22 points maximum, no make up possibility)

project (30 points maximum, team work - max 3 persons in a team)

written final exam (30 points maximum)
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  Syllabus File
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  News forum
- Select activity Wiki : Project
  
  Wiki : Project
- Select activity How to write a good project
  
  How to write a good project File
Select section 30 September - 6 October

30 September - 6 October
Course Introduction + Economic Growth - Stylized facts and Issues
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  Lecture #1 File
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  Empirics 1 File
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  Empirics 1 Data File
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  Project phase 1 Assignment
Select section 7 October - 13 October

7 October - 13 October
My first growth model: Solow-Swan model
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  Lecture #2 File
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  Empirics 2 File
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  Empirics 2 data File
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  Empirics 2 paper File
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  Data Sources File
Select section 14 October - 20 October

14 October - 20 October
Growth models with microfoundations: Ramsey-Cass-Koopmans model (1)
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  Lecture #3 File
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  Empirics 3 File
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  Empirics 3 data File
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  Problem set 1 Assignment
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  Set up File
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  Dataset A File
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  Dataset B File
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  Review of Regression File
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  Seminar 3 (Janotik) File
Select section 21 October - 27 October

21 October - 27 October
Growth models with microfoundations: Ramsey-Cass-Koopmans model (2)
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  Project phase 2 Assignment
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  Lecture #4 File
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  Seminar #4 File
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  Empirics 4 - Updated version File
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  Seminar 4 - Solution - Problem 1a File
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  Seminar 4 - Solution - Problems 1bcd File
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  Seminar 4 - Solution - Problem 2 File
Select section 28 October - 3 November

28 October - 3 November
state holiday!
Select section 4 November - 10 November

4 November - 10 November
Overlapping generations (OLG) model
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  Lecture #5 File
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  5 Empirics File
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  5 Empirics Data1 File
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  5 Empirics Data2 File
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  5 Empirics Data - spreadsheet File
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  Seminar #5 File
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  Problem set 2 - maths and reading File
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  Problem set 2 - empirics File
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  Problem set 2 - data File
Select section 11 November - 17 November

11 November - 17 November
Issues in endogenous growth I.: AK models, R&D
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  Lecture #6 File
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  Seminar #6 File
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  Empirics 6 - Institutions and Growth File
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  Empirics 6 Data File
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  Empirics 6 Original article File
Select section 18 November - 24 November

18 November - 24 November
Issues in endogenous growth II: R&D
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  Lecture #7 File
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  Empirics 7 - Time Series File
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  Problem set 2 Assignment
Select section 25 November - 1 December

25 November - 1 December
<![endif]-->From the long-run growth model to business cycles: Real business cycles modeIs
MIDTERM!!! 25th, 8:00, room 314
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  Project phase 3 Assignment
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  Midterm Assignment
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  Sample midterm File
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  Sample midterm questions File
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  Lecture #8 File
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  Seminar #8 File
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  Seminar #8 - Solution to problem 2 File
Select section 2 December - 8 December

2 December - 8 December
Keynesian models of short-run dynamics
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  Empirics 9 File
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  Additional readings 1 File
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  Additional readings 2 File
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  Problem set 3 - set up File
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  RBC.xls File
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  RBC.ods File
- Select activity SolowResiduals.gdt
  
  SolowResiduals.gdt File
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  PS3 - reading File
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  Seminar #9 File
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  Seminar #9 - Solution to Problem 1 File
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  Seminar #9 - Solution to Problem 2 File
Select section 9 December - 15 December

9 December - 15 December
Microfoundations of incomplete nominal adjustment
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  Problem set 3 Assignment
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  Lecture #10 File
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  Lecture #10 File
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  Empirics 10 File
Select section 16 December - 22 December

16 December - 22 December
Inflation and monetary policy
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  Project Phase 4 Assignment
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  Lecture #11 File
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  Seminar #11 File
- Select activity Empirics 11
  
  Empirics 11 File
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  Empirics 11 - data File
Select section 23 December - 29 December

23 December - 29 December
Christmas Holiday
Select section 30 December - 5 January

30 December - 5 January
Christmas Holiday
Select section 6 January - 12 January

6 January - 12 January
Summary and consultations
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  Sample final questions File
Select section 13 January - 19 January

13 January - 19 January
Final exam
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  Final exam Assignment