Advanced Macroeconomics I

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Lecturer
 
Place
Mon7-8(W9-626)  
Credits
Lecture2  Exercise0  Experiment0
Code
68005
Syllabus updated
2010/4/7
Lecture notes updated
2010/3/22
Semester
Spring Semester

Purpose of lecture

We discuss fundamental problem of economic growth and mathematical foundations to analyze it. This lecture covers basic modern economic growth models such as Solow, neoclassical growth, and overlapping generations as well as endogenous growth model. This course assumes familiarity with macroeconomics, econometrics and microeconomics at the level of undergraduate textbooks.

Plan of lecture

4/12 Ch.1 Economic Growth and Economic Development: The Question.縲
Ch.2 The Solow Growth Model

4/19 Ch.2 The Solow Growth Model

4/26 Ch.3 The Solow Model an the Data


5/10 Ch.4 Fundamental Determinants of Differences in Economic Performance
Ch.5 Foundations of Neoclassical Growth

5/17 Ch.6 Infinite-Horizon Optimization and Dynamic Programming

5/24 Ch.7 An Introduction to the Theory of Optimal Control

5/31 Ch.8 The Neoclassical Growth Model

6/7 Ch.8 The Neoclassical Growth Model

6/14 Ch.9 Growth with Overlapping Generations

6/21 Ch.9 Growth with Overlapping Generations


6/28 Ch.10 Human Capital and Economic Growth

7/5 Ch.10 Human Capital and Economic Growth
Ch.11 First-Generation Model of Endogenous Growth


7/12 Ch.16 Stochastic Dynamic Programming
Ch.17 Stochastic Growth Model

7/22 Ch.17 Stochastic Growth Model

Textbook and reference

Daron Acemoglu (2009) Introduction to Modern Macroeconomic Growth

Related and/or prerequisite courses

prerequisite:macroeconomics and econometrics at the level of undergraduate textbooks

Evaluation

Homework 30% Final exam 70%

Comments from lecturer

Homework will be given from the problem set of the text. Every student is recommended to attend TA session for discussing solutions of homework. TA session will be conducted in Japanese.

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