The course offers an introduction to theories, models and methods currently used to analyze macroeconomic dynamics. The main focus is on long-run dynamics and growth, but the course deals also with traditional topics such as consumption, investment, saving, money and credit. Discussion will mostly concern post-II World War theories. Among these, it deals with Solow and Ramsey-Cass-Koopmans exogenous growth theories, as well as with the more recent endogenous growth theories. Methodologically, the course makes an intensive use of deterministic, general equilibrium models in discrete time. Topics and methods are considered essential references and tools by most institutions engaged in macroeconomic analysis (e.g. central banks, institutes analyzing business cycles, supervisory boards and authorities, commercial banks). Further they form an essential prerequisite for more advanced courses in macroeconomics and economic policy and to pursue graduate studies.
Curriculum
teacher profile teaching materials
Class notes are published on the course website.
Fruizione: 21210234 Advanced Macroeconomics in Scienze Economiche LM-56 TIRELLI MARIO
Programme
lntroduction to modern growth theory: part I, exogenous growth (20 hours); part II, endogenous growth (12 h). Models of overlapping generations of agents (OLG) (10 h). Foundation of the neoclassical theory of consumption, saving and investments (10 h). Additional topics (8 h).Core Documentation
Reference book: Daron Acemoglu, "Introduction to Modern Economic Growth", Princeton University Press, 2009.Class notes are published on the course website.
teacher profile teaching materials
Class notes are published on the course website.
Fruizione: 21210234 Advanced Macroeconomics in Scienze Economiche LM-56 TIRELLI MARIO
Programme
lntroduction to modern growth theory: part I, exogenous growth (20 hours); part II, endogenous growth (12 h). Models of overlapping generations of agents (OLG) (10 h). Foundation of the neoclassical theory of consumption, saving and investments (10 h). Additional topics (8 h).Core Documentation
Reference book: Daron Acemoglu, "Introduction to Modern Economic Growth", Princeton University Press, 2009.Class notes are published on the course website.