ps6-2013-old EC 431: Advanced Macroeconomics
Academic Year 2013
First Semester
Time: 1.30 -4.30 pm
Location: Room: 10406
Instructor: Weerachart Kilenthong
Email: [email protected]
Web: riped.utcc.ac.th/tee
Office Hours: Thursday 2-4 pm or by appointment (via email) at the 7th floor of the 21st building
Teaching Assistant: Warut Samart
Email: [email protected]
Office Hours: Monday 1-3 pm
Announcement
New Problem set and new lecture notes have been posted on August 6, 2013!
Previous Midterm Exam
Description: This course studies micro-founded macroeconomic models. Concepts and tools from microeconomics will be applied to macroeconomic issues, including economic growth, business cycles, labor market, inflation, credit markets, fiscal and monetary policies, financial intermediation, nominal rigidity The topics will be presented and analyzed using simple mathematical models with emphasis on general equilibrium and intertemporal economic analysis. The primary goal of this class is to introduce some of standard tools, widely used in modern macroeconomics and necessary to understand articles both in the press and academic journals. This course is demanding and highly quantitative.
Grading:
1. Assignments 30 % (6-8 problem sets)
2. Midterm exam 30 %
3. Final exam 40 %
Textbooks:
1. Doepke, M., Lehnert, A., and Sellgren A. (2001) Macroeconmics. Online lecture notes. Downloadable at http://faculty.wcas.northwestern.edu/~mdo738/book.htm. (DLS)
2. Champ, B. and Freeman, S. (2001) Modeling Monetary Economics. Cambridge University Press. (CF)
3. Barro, Robert (2008) Macroeconomics: A Modern approach. Thomson. (B)
4. Romer, David (1996) Advance Macroeconomics. McGraw-Hill International Editions. (R)
Lecture Notes:
1. Intertemporal Allocation and Equilibrium Interest Rate
2. General Equilibrium (Lecture note in Thai)
4. Total Factor Productivity (in Thai)
5. Model Calibration (in Thai)
7. Money and Inflation (Thai)
Problem Assignments
1. Problem Set 1 and Optional Problem
Tentative Lecture Schedule:
Week |
Topics |
Recommended Reading |
1 |
Introduction and review of microeconomics and mathematics |
|
2 |
Intertemporal Allocation and Equilibrium Interest Rate |
DLS Chp. 3 |
3 |
General Equilibrium |
DLS Chp. 5 |
4-5 |
Neoclassical Growth Theory |
DLS Chp. 11 |
6 |
National Income Account and Total Factor Productivity |
Lecture note and B Chp. 2 |
7 |
Business Cycles |
DLS Chp. 9 |
9-10 |
Optimal Fiscal Policies |
CF Chp. 13-14 |
|
|
|
11 |
Inflation |
DLS Chp. 14 |
12-13 |
Optimal Monetary Policy |
DLS Chp. 19 and CF Chp. 5 |
14 |
Financial Intermediation |
DLS Chp. 17 |
15 |
Nominal Rigidity |
B Chp. 16 |