School of Economics and Administrative Sciences \ Economics
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
This course teaches selected continuous-time models from advanced macroeconomic theory through advanced mathematical methods such as calculus of variations and optimal control.
Textbook and / or References
David Romer, Advanced Macroeconomics, Fifth Edition, McGraw-Hill Companies, 2018.
1. To teach the relationship between economic growth and the dynamic trade-off between household savings and consumption choices in multi-period models.
2. To teach how different production functions, consumer behaviors, and technological development patterns can affect economic growth and key macroeconomic variables.
3. To examine the potential effects of economic policymakers' decisions on growth and key macroeconomic variables.
1. It allows students to become familiar with multi-period macroeconomic models.
2. It teaches the solution of dynamic optimization problems.
3. It provides students with an idea of what graduate-level macroeconomics education is like.
Week 1: Solow-Swan Growth Model
Week 2: Solow-Swan Growth Model
Week 3: Ramsey-Cass-Koopmans Growth Model
Week 4: Ramsey-Cass-Koopmans Growth Model
Week 5: Ramsey-Cass-Koopmans Growth Model
Week 6: AK Growth Model
Week 7: Endogenous Growth Models
Week 8: Endogenous Growth Models
Week 9: Overlapping Generations Theory
Week 10: Overlapping Generations Theory
Week 11: Business Cycle Theory
Week 12: Business Cycle Theory
Tentative Assesment Methods
• Midterm Exam 40 %
• Final Exam 40 %
• Homeworks 10 %
• Quizzes 10 %
|
Program Outcome
*
|
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
Course Outcome
|
|---|
| 1 |
|
|
|
|
|
|
|
|
|
|
| 2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
|
|
|
|
|
|
|
|
|
|