This course is aimed at providing students with standard methods in modern dynamic macroeconomics.
This course is designed for mainly first-year graduate students to help them understand the basic analytical tools of modern macroeconomics, including dynamic programming, optimal control theory, the Ramsey-Cass-Koopmans model, and dynamic theories of optimal taxation, economic growth, business cycle, unemployment, and behavioral macroeconomics.
See the syllabus for the course schedule.
See the syllabus for the course schedule.
Although there is no explicit prerequisite for this course, knowledge of micro- and macroeconomics at the undergraduate level and a basic understanding of nonlinear programming will be required.
The final grade is based on homework assignments (30%), midterm (30%) and final (40%) examinations.