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
• Sep-27 (Tue): Cash in advance models, RQ, PS4, due Oct-6, 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): The growth model
• Oct-13 (Thu): Competitive equilibrium, Dynamics and phase diagrams (partially skipped this year), RQ
• Oct-18 (Tue): Money in the utility function, PS5, due Nov-2
• Oct-20 (Thu): Fall break
• Oct-25 (Tue): Perpetual youth, Aggregation issues (skipped this year)

Endogenous Growth

• Oct-27 (Thu): Endogenous growth: AK model, RQ, Phase diagram (skipped this year), Increasing varieties, RQ
• Nov-1 (Tue): Increasing varieties, part II
• Nov-3 (Thu): Knowledge spillovers and scale effects, PS6, due Nov-16
• Nov-8 (Tue): Quality ladders, Quality ladders with firm dynamics

Stochastic Growth

• Nov-10 (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-15 (Tue): Asset pricing, Extensions, RQ, PS7, due TBA
• Nov-17 (Thu): Stochastic growth model, RQ