Schedule720
Modern Macro¶
- Aug-19 (Thu): Modern macro, Here we talk about methods: how to set up a general equilibrium model and characterize its equilibrium.
- Aug-24 (Tue): Sequential trading and Arrow-Debreu
Overlapping Generations¶
- Aug-26 (Thu): Model
- Aug-31 (Tue): OLG model (continued)
- Sep-2 (Thu): Dynamics and steady state, example (not yet active), PS1, due Sep-9, solution
- Sep-7 (Tue): Efficiency and Social Security, RQ (review questions, not to be handed in)
- Sep-9 (Thu): Bequests
- Sep-14 (Tue): Money in OLG models, PS2, due Sep-21, solution
Infinite Horizon, Discrete Time Models¶
- Sep-16 (Thu): The growth model
- Sep-21 (Tue): Dynamic programming. For your reference: Dynamic programming theorems, Notes on Dynamic Programming
- Sep-23 (Thu): Competitive equilibrium, RQ, PS3, due Sep-30, solution
- Sep-28 (Tue): Cash in advance models, RQ, PS4, due Oct-5, solution, Example: Asset pricing, RQ, Two sector models, RQ, (Skipped this year),
Infinite Horizon, Continuous Time Models¶
- Sep-30 (Thu): Solow model
- Oct-5 (Tue): Optimal control
- Oct-12 (Tue): University Day
- Oct-14 (Thu): The growth model
- Oct-19 (Tue): Competitive equilibrium, Dynamics and phase diagrams (partially skipped this year), RQ
- Oct-26 (Tue): Money in the utility function, PS5, due Nov-2, answers
- Oct-28 (Thu): Perpetual youth, Aggregation issues (skipped this year)
Endogenous Growth¶
- Nov-2 (Tue): Endogenous growth: AK model, RQ, Phase diagram (skipped this year), Increasing varieties, RQ
- Nov-4 (Thu): Increasing varieties, part II
- Nov-9 (Tue): Knowledge spillovers and scale effects, PS6, due Nov-16
- Nov-11 (Thu): Quality ladders, Quality ladders with firm dynamics
Stochastic Growth¶
- Nov-16 (Tue): 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-18 (Thu): Asset pricing, Extensions, RQ, PS7, due never
- Nov-23 (Tue): Stochastic growth model, RQ