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MACROECONOMICS

COMSUMPTION AND INVESTMENT AND GROWTH THEORY

Program

Updated A.Y. 2015-2016

Macroeconomics 1

Robert Waldmann
textbook
Advanced Macroeconomics by David Romer (1996)
(McGraw-Hill : New York, Lisbon, London, Madrid, Milan etc.)

 

Growth

Topic 1) Solow Model Review

Chapter 1 pp. 5-33

Topic 2)  The Ramsey Cass Koopmans Model I

Chapter 2 pp. 38-52

Topic 3) Ramsey Cass Koopmans Model II

Chapter 2 pp. 52-72

Topic 4) The Romer 86 model

Chapter 3 pp. 116-117.

Topic 5) The Romer 90 model I

Chapter 3 pp 95-110.

Topic 6) The Romer 90 model II

Chapter 3 pp 111-116, pp 118-126

Topic 7) Human Capital and Growth

Chapter 3 pp 126-140.

Consumption and Investment

Topic 8) Stochastic implications of the Permanent Income Hypothesis.

Chapter 7 pp. 310-328

Topic 9)  The overlapping generations model with money

Chapter 2 pp. 72-88

Topic 10) Fixed Capital Investment

Chapter 8 pp. 345-364

Topic 11) Inventory investment

Blinder, A "Inventories and the Structure of Macro Models," American Economic Review vol 71 pp 11-16 (May 1981).


Topic 12) Credit Rationing

Chapter 8 pp. 369-384.