Advanced Macro Introduction (Part I) (ECO-AD-ADVMACI)
||ECO Advanced courses
||,5 (EUI Economics Department)
07/09/2022 9:00-11:00 @ Seminar Room 3rd Floor,V. la Fonte
14/09/2022 9:00-11:00 @ Seminar Room 3rd Floor,V. la Fonte
16/09/2022 11:00-13:00 @ Seminar Room 3rd Floor,V. la Fonte
21/09/2022 9:00-11:00 @ Seminar Room 3rd Floor,V. la Fonte
23/09/2022 9:00-11:00 @ Seminar Room 3rd Floor,V. la Fonte
This advanced full-credit course (or two half-credit) is (are) open to everyone, from 2nd year graduates on, but Part I is specially designed for 2nders. The course is selfcontained, although familiarity with recursive methods is recommended. Part I can be seen as a macro transition course, between the first-year macro sequence and other advanced macro courses – such as, Part II. Therefore, a student can register to the full-credit course or to one of the half-credit parts. For students taking the course for credit, Part I will have a short exam (during the Block I exam period) and for Part II requires to critically summarize the ‘state-of-the-art of…’ by deconstructing one article, or two and, possibly, make reference to others (more details will follow). For both parts, I will also count class participation [10%].
Part I. Advanced Macro Introduction
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1. A brief on Asset Prices and Policy Design. Equivalence results.
2. Financial frictions and wedges. Brief introduction to Recursive Contracts.
3. On expectations, multiplicity of equilibria and crises. Brief introduction to
4. Commitment, credibility and competition. Brief introduction to
Sustainable and Markov-perfect equilibria.
Page last updated on 21 September 2018