This is the first-semester graduate macroeconomics course. It is taught with Prof. Yi. My section of the course will come first, and cover models of economic growth.
Notes and recommended books
- Lecture Notes, these are required reading
- Aghion and Howitt, and feel free to grab an older edition
- Barro and Sala-i-Martin
Class structure and grading
You have four responsibilities for this class:
- Reading: You should have read up through the listed material in the calender before each class. In class, I will not be lecturing on that material, but will be taking questions on it.
- Projects: These will be worked on in class, where I’ll be available to answer questions and guide you towards an answer. The projects are like open-ended homework problems.
- Homeworks: These are assigned each week and due on Friday in your TA section.
- Exam: On October 9th, in class.
As per the overall course syllabus, exams count for 45% of your grade, so my exam is roughly 22.5% of your grade. Homework counts for 45% of your overall grade, so my projects and homeworks count for about 22.5% of your grade. My evaluation of your participation will be combined with Prof. Yi’s to form the last 10% of your overall grade.
August 28th. Basic accounting and elements of the Solow Model.
- READING: Chapter 1 and Sections 2.1, 2.2, 2.3
- PROJECT: Labor Shares
- ASSIGN: Homework 1, due Sep. 8th
August 30th. Consumption and welfare.
- READING: Section 2.4
- PROJECT: Divergence
September 6th. AK growth models.
- READING: Section 2.5
- PROJECT: Convergece Speed
- ASSIGN: Homework 2, due Sep 15th
September 11th. Productivity growth.
- READING: Sections 3.1, 3.2
- PROJECT: Uzawa’s Theorem
September 13th. Productivity accounting.
- READING: Sections 3.3, 3.4, 3.5
- PROJECT: Levels accounting
- ASSIGN: Homework 3, due Sep 22nd
September 18th. Multiple goods.
- READING: Section 3.6, 3.7
- PROJECT: Structural transformation
September 20th. Endogenous growth.
- READING: Chapter 4
- PROJECT: Sources of growth
- ASSIGN: Homework 4, due Sep 29th
September 25th. Basic savings problems.
- READING: Section 5.1, 5.2, 5.3
- PROJECT: Capital flows
September 27th. Long-horizon problems.
- READING: Sections 5.4, 5.5, 5.6
- PROJECT: Real and nominal savings
- ASSIGN: Homework 5, due Oct 6th
October 2nd. Endogenous population.
- READING: Sections 6.1 and 6.2
- PROJECT: Population and productivity growth
October 4th. Endogenous population.
- READING: No additional reading
- PROJECT: Demographic transition
October 9th. EXAM
- WHERE: In class
- WHAT: All material to this point
October 13th. Return and discuss exam
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