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Textbook:
Barro, Robert J., and Xavier Sala-i-Martin (2004), Economic Growth,
2/e, Cambridge, MA: MIT Press.
Romer, David (2001), Advanced Macroeconomics, 2/e, New York:
McGraw-Hill.
Course Outline (Numbers in brackets show chapter numbers of Romer. B-S
indicates Appendix of Barro-Sala-i-Martin.)
1 April 8 Dynamic
Optimization (1) [B-S]
2 April 12 Dynamic
Optimization (2) [B-S]
3 April 15 Ramsey
Model [2]
4 April
19 Overlapping Generations Model (1) [2]
5 April
22 Overlapping Generations Model (2): Budget Deficits
[2]
6 April 26 Budget
Deficits and Fiscal Policy (1) [11]
7 May 10 Budget
Deficits and Fiscal Policy (2) [11]
8 May 13 New Growth
Models (1): Human Capital [3]
9 May 17 New Growth
Models (2): Research and Development [3]
10 May 20 New
Keynesian Economics (1) [6]
11 May 24 New
Keynesian Economics (2) [6]
12 May
27 Unemployment (1) [9]
13 May
31 Unemployment (2) [9]
Mid-term exam: June 3