Advanced Macroeconomics I

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Lecturer
Kaneko Akihiko   
Place
Mon1-2(W9-626)  
Credits
Lecture2  Exercise0  Experiment0
Code
68005
Syllabus updated
2011/3/28
Lecture notes updated
2011/3/23
Semester
Spring Semester

Purpose of lecture

We discuss the theory of saving, consumption and investment based on dynamic optimization. Furthermore, we also explore endogenous growth theory and real business cycle theory as an application of dynamic optimization model, and monetary and fiscal policy as a related matter.

Plan of lecture

シ托シ撒he Solow model縲
chapter 1
シ抵シ鯖nfinite-Horizon and Overlapping –Generations Model縲
Chapter 2
シ難シ晒ew Growth Theory
chapter 3
シ費シ山eal-Business-Cycle Theory縲
chapter 4
シ包シ擦onsumption縲
chapter 7
シ厄シ鯖nvestment縲
chapter 8
シ暦シ鯖nflation and Monetary Policy縲
chapter 10
シ假シ撮udget Deficits and Fiscal Policy縲
chapter 11

Textbook and reference

David Romer (2006) Advanced Macroeconomics (3rd edition)

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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