Syllabus
Outline:
1. Course introduction + Economic Growth - stylized facts and issues
2. Determinants of long-term growth - Solow-Swan Model
3. Micro-based modeling of long-term growth - Ramsey model I
4. Micro-based modeling of long-term growth - Ramsey model II
5. Determinants of long-term growth - AK models and endogenous growth models
6. Micro-based modeling of short-term fluctuations - Real Business Cycle Models
7. Micro-based modeling of short-term fluctuations - Real Business Cycle Models
8. Policy issues: Inflation and Monetary Policy
9. Policy issues: Unemployment
10. Micro-based modeling of short-term fluctuations - Nominal rigidities (intro)
11. Micro-based modeling of short-term fluctuations - Full model with rigidities
12. New Keynesian DSGE models
13. Summary and Consultation
Annotation
The aim of this course is to provide an introduction to the study of advanced topics in macroeconomics:
I. Economic growth (Week 1-2)
II. Micro-based modeling of long-term growth (Week 3-5)
III. Policy issues: Monetary policy and unemployment (Week 8-9)
IV. Micro-based modeling of short-term fluctuations (Week 10-12)
Mathematical models are broadly used throughout the course, with an emphasis both on their interpretation and on mastering mathematical methods necessary for development of these models. The language of the course is English. Moodle site: https://dl1.cuni.cz/course/view.php?id=14019.