Applied Macroeconomics

Objectives

This course introduces students to the methodologies and tools related to modern macroeconomics. Students will understand the gist of potential applications of its methods and will be able to grasp the technicalities behind macroeconomic models. The course is structured in two parts: the first dedicated to standard DSGE/RBC models, while the second covers the fundamental pillars of economic growth theory.

Program

1. DSGE/RBC modern macroeconomics models
   1. The origin of modern macroeconomics
   2. The Ramsey/Central Planner Model
   3. The Decentralized Economy Model
   4. Introducing the Government
   5. Monetary Economy

1. Growth theory: neoclassical, endogenous growth model and comparative development
   1. The Neoclassical Growth Model
   2. Introducing Environmental Constraint
   3. The Endogenous Growth Model
   4. A source of ideas: Immigration and Innovation
   5. Introduction to Comparative Development