Macroeconomics I

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.

  1. Lecture Notes, these are required reading
  2. Aghion and Howitt, and feel free to grab an older edition
  3. Barro and Sala-i-Martin
  4. Wickens

Class structure and grading

You have four responsibilities for this class:

  1. Reading: You should have read up through the listed material in the calender before each class. In class, I will be discussing important points from the notes, but will not be strictly lecturing through the material.
  2. 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. Some of the projects may take more than just the officially scheduled time.
  3. Homeworks: These are assigned each week and due on the following Friday in your TA section.
  4. 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 20th. Basic accounting and elements of the Solow Model.

  1. READING: Chapter 1 and Sections 2.1, 2.2, 2.3
  2. PROJECT: Labor Shares
  3. EXTRA: BSM (Chap 1.2), AH (Chap 1)

August 22nd. Consumption and welfare.

  1. READING: Section 2.4
  2. PROJECT: Divergence
  3. ASSIGN: Homework 1, due Aug. 31st

August 27th. AK growth models.

  1. READING: Section 2.5
  2. PROJECT: Convergece Speed
  3. EXTRA: AH (Chap 2), BSM (Chap 4)

August 29th. Productivity growth.

  1. READING: Sections 3.1, 3.2
  2. PROJECT: Uzawa’s Theorem
  3. ASSIGN: Homework 2, due Sep. 7th

September 5th. Productivity accounting.

  1. READING: Sections 3.3, 3.4, 3.5
  2. PROJECT: Levels accounting
  3. ASSIGN: Homework 3, due Sep. 14th
  4. EXTRA: AH (Chap 5)

September 10th. Multiple goods.

  1. READING: Section 3.6
  2. PROJECT: Structural transformation

September 12th. Multiple goods.

  1. READING: Section 3.7
  2. PROJECT: Continue on Structural transformation
  3. ASSIGN: Homework 4, due Sep. 21st

September 17th. Endogenous growth.

  1. READING: Chapter 4
  2. PROJECT: Sources of growth
  3. EXTRA: BSM (Chap 5,6,7) AH (Chap 3,4)

September 19th. Endogenous growth.

  1. READING: Chapter 4
  2. PROJECT: Continue on Sources of growth
  3. ASSIGN: Homework 5, due Sep. 28th
  4. EXTRA: BSM (Chap 5,6,7) AH (Chap 3,4)

September 24th. Basic savings problems.

  1. READING: Section 5.1, 5.2, 5.3
  2. PROJECT: Capital flows

September 26th. Long-horizon problems.

  1. READING: Sections 5.4, 5.5, 5.6
  2. PROJECT: Real and nominal savings
  3. ASSIGN: Homework 5, due Oct. 5th
  4. EXTRA: BSM (Chap 2), W (Chap 2, 3, 4)

October 1st. Endogenous population.

  1. READING: Sections 6.1 and 6.2
  2. PROJECT: Population and productivity growth

October 3rd. Endogenous population.

  1. READING: Sections 6.1 and 6.2
  2. PROJECT: Demographic transition

October 8th. EXAM

  1. WHERE: In class
  2. WHAT: All material to this point
  3. RETURNED: Pick up in my office
  4. PRACTICE: See old midterms from 2013, 2014, 2015, 2016

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