Schedule720
Modern Macro¶
- Aug-19 (Mon): Modern macro, Here we talk about methods: how to set up a general equilibrium model and characterize its equilibrium.
- Aug-21 (Wed): Sequential trading and Arrow-Debreu
Overlapping Generations¶
- Aug-26 (Mon): Model
- Aug-28 (Wed): OLG model (continued)
- Sep-2 (Mon): Labor day
- Sep-4 (Wed): Dynamics and steady state, PS1, due Sep-16 (best to email pdf file; by end of day),
- Sep-9 (Mon): Dynamics and steady state (continued)
- Sep-11 (Wed): Efficiency and Social Security
- Sep-16 (Mon): Money as a bubble, PS2, due Sep-30
- Sep-18 (Wed): Money as a bubble (continued)
- Sep-23 (Mon): Wellness day
Infinite Horizon, Discrete Time Models¶
- Sep-25 (Wed): The growth model
- Sep-30 (Mon): Dynamic programming.
- Oct-2 (Wed): Planner with Dynamic Programming. Background material: Dynamic programming theorems, Notes on Dynamic Programming
- Oct-7 (Mon): Competitive equilibrium, PS3, due Oct-16
- Oct-9 (Wed): Cash in advance models, PS4, due Oct-23
- Oct-14 (Mon): Midterm exam
Infinite Horizon, Continuous Time Models¶
- Oct-16 (Wed): Solow model
- Oct-21 (Mon): Optimal control
- Oct-23 (Wed): Optimal control (contd.)
- Oct-28 (Mon): The growth model, Competitive equilibrium,
- Oct-30 (Wed): Money in the utility function, PS5, due Nov-11
Endogenous Growth¶
- Nov-4 (Mon): Endogenous growth: AK model, Increasing varieties
- Nov-6 (Wed): Increasing varieties, part II
- Nov-11 (Mon): Knowledge spillovers and scale effects, PS6, due Nov-20
- Nov-13 (Wed): Quality ladders
- Nov-18 (Mon): Quality ladders with firm dynamics
Stochastic Growth¶
- Nov-20 (Wed): 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-25 (Mon): Asset pricing
- Nov-27 (Wed): Thanksgiving
- Dec-2 (Mon): Stochastic growth model