MACROECONOMICS 1
Syllabus
Updated A.Y. 2021-2022
Macroeconomics 1 2021-22
link to teams meeting
https://teams.microsoft.com/l/channel/19%3a558e3d4dd3bc467b9f82f7040e3029d3%40thread.tacv2/General?groupId=cac68e4a-2c22-4015-bbe4-1d43692effa1&tenantId=24c5be2a-d764-40c5-9975-82d08ae47d0e
Robert Waldmann
textbook
Advanced Macroeconomics by David Romer
(McGraw-Hill : New York, Lisbon, London, Madrid, Milan etc.)
The purposes of the course are two. The first is to examine the determinants of long term GDP growth trends, with a focus on symple theoretical models which attempt to explain the fact that growth has continued without apparent limit and with a roughly constant ratio of GDP to capital. The second is to develop the tools which will be used in macroeconomics II to understand the business cycle and in particular to evaluate models of consumption saving choice under uncertainty and of investment with installation costs.
Growth
Lecture 1) Solow Model Review
Chapter 1 pp. 5-33
Lecture 2) The Ramsey Cass Koopmans Model I
Chapter 2 pp. 38-52
Lecture 3) Ramsey Cass Koopmans Model II
Chapter 2 pp. 52-72
Lecture 4) The Romer 86 model
Chapter 3 pp. 116-117.
Lecture 5) The Romer 90 model I
Chapter 3 pp 95-110.
Lecture 6) The Romer 90 model II
Chapter 3 pp 111-116, pp 118-126
Lecture 7) Human Capital and Growth
Chapter 3 pp 126
Consumption and Investment
Lecture 10) Stochastic implications of the Permanent Income Hypothesis.
Chapter 7 pp. 310-328
Lecture 11)The Consumption CAPM
Lecture 12) The overlapping generations model with money
Chapter 2 pp. 72-88
Lecture 13) Exercise session
Lecture 14) What I really believe about consumption.
Lecture 15) Fixed Capital Investment and Tax Policy
Chapter 8 pp. 345-364
Lecture 16) Residential fixed capital investment and Inventory investment
Blinder, A "Inventories and the Structure of Macro Models," American Economic Review vol 71 pp 11-16 (May 1981).
Lecture 17) What I really believe about investment
Lecture 18) Exercises and review.
This below is a guide to the unfortunately confused and alphabetically ordered materiale didattico
The section "Behavioral" is for another course and
not your problem.
The Notes correspond to lectures as follows
Lecture 1 = Solownote
Lecture 2 = Solow
Lecture 3 = Ramsey Cass Koopmans
Lecture 4 = Ramsey Cass Koopmans with optimal control
Class 5 = exercize session (done on the spot then posted)
Lecture 6 = Romer 86
Lecture 7 = human capital
Lecture 8 = Romer 90
Class 9 = exercize session (done on the spot then posted)
Lecture 10 = Consumption
Lecture 11 = Consumption II precautionary saving and consumption CAPM
Lecture 12 = OLG
class 13 = exercize session (done on the spot then posted)
Lecture 14 = what I think about consumption
Lecture 15 = Q Model of Investment
Lecture 16 = Q Model 2 applications to taxes
Lecture 17 inventory investment & what I think about investment
class 18 exercizes and review.