Schedule720

Modern Macro

• Aug-21 (Mon): Modern macro, Here we talk about methods: how to set up a general equilibrium model and characterize its equilibrium.
• Aug-23 (Wed): Sequential trading and Arrow-Debreu
• Aug-28 (Mon): UNC closed
• Aug-30 (Wed): UNC closed
• Sep-4 (Mon): Labor day

Overlapping Generations

• Sep-6 (Wed): Model
• Sep-11 (Mon): OLG model (continued)
• Sep-13 (Wed): Dynamics and steady state, PS1, due Sep-20 (best to email pdf file; by end of day), solution.
• Sep-18 (Mon): Dynamics and steady state (continued)
• Sep-20 (Wed): Efficiency and Social Security
• Sep-25 (Mon): Wellness day
• Sep-27 (Wed): Money as a bubble, PS2, due Oct-9, solution
• Oct-2 (Mon): Money as a bubble (continued)

Infinite Horizon, Discrete Time Models

• Oct-4 (Wed): The growth model
• Oct-9 (Mon): Dynamic programming.
• Oct-11 (Wed): Midterm exam
• Oct-16 (Mon): Planner with Dynamic Programming. Background material: Dynamic programming theorems, Notes on Dynamic Programming
• Oct-18 (Wed): Competitive equilibrium, PS3, due Oct-25, solution
• Oct-23 (Mon): Cash in advance models, PS4, due Nov-1, solution

Infinite Horizon, Continuous Time Models

• Oct-25 (Wed): Solow model
• Oct-30 (Mon): Optimal control
• Nov-1 (Wed): Optimal control (contd.)
• Nov-6 (Mon): The growth model, Competitive equilibrium,
• Nov-8 (Wed): Money in the utility function, PS5, due Nov-20, solution

Endogenous Growth

• Nov-13 (Mon): Endogenous growth: AK model, Increasing varieties
• Nov-15 (Wed): Increasing varieties, part II
• Nov-20 (Mon): Knowledge spillovers and scale effects, PS6, due Dec-4,
• Nov-22 (Wed): Thanksgiving
• Nov-27 (Mon): Quality ladders
• Nov-29 (Wed): Quality ladders with firm dynamics

Stochastic Growth

• Dec-4 (Mon): Stochastic optimization, Dynamic programming -- we will not talk about this in class. Think of it as a simple user guide to the results that are out there.
• Dec-6 (Wed): Asset pricing, Extensions, RQ
• Dec-6 (Wed): Stochastic growth model, RQ