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Schedule720

Modern Macro¶

Aug-16 (Tue): Modern macro, Here we talk about methods: how to set up a general equilibrium model and characterize its equilibrium.
Aug-18 (Thu): Sequential trading and Arrow-Debreu

Overlapping Generations¶

Aug-23 (Tue): Model
Aug-25 (Thu): OLG model (continued)
Aug-30 (Tue): Dynamics and steady state, PS1, due Sep-8, solution
Sep-1 (Thu): Efficiency and Social Security, RQ (review questions, not to be handed in)
Sep-6 (Tue): Wellness day
Sep-8 (Thu): Bequests
Sep-13 (Tue): Money as a bubble, PS2, due Sep-20, solution

Infinite Horizon, Discrete Time Models¶

Sep-15 (Thu): The growth model
Sep-20 (Tue): Dynamic programming. For your reference: Dynamic programming theorems, Notes on Dynamic Programming
Sep-22 (Thu): Competitive equilibrium, RQ, PS3, due Sep-29, solution
Sep-27 (Tue): Cash in advance models, RQ, PS4, due Oct-6, solution, Example: Asset pricing, RQ

Infinite Horizon, Continuous Time Models¶

Sep-29 (Thu): Solow model
Oct-4 (Tue): Optimal control
Oct-6 (Thu): Midterm
Oct-11 (Tue): Optimal control (contd.)
Oct-13 (Thu): The growth model
Oct-18 (Tue): The growth model (contd.)
Oct-20 (Thu): Fall break
Oct-25 (Tue): Competitive equilibrium, Dynamics and phase diagrams (partially skipped this year), RQ
Oct-27 (Thu): Money in the utility function, PS5, due Nov-3, solution
Nov-1 (Tue): Perpetual youth, Aggregation issues (skipped this year)

Endogenous Growth¶

Nov-3 (Thu): Endogenous growth: AK model, RQ, Phase diagram (skipped this year), Increasing varieties, RQ
Nov-8 (Tue): Increasing varieties, part II
Nov-10 (Thu): Knowledge spillovers and scale effects, PS6, due Nov-22
Nov-15 (Tue): Quality ladders, Quality ladders with firm dynamics

Stochastic Growth¶

Nov-17 (Thu): 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.
Nov-22 (Tue): Asset pricing, Extensions, RQ
Nov-24 (Thu): Thanksgiving
Nov-29 (Tue): Stochastic growth model, RQ