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Advanced Macro Introduction (Part I) (ECO-AD-ADVMACI)


Department ECO
Course category ECO Advanced courses
Course type Course
Academic year 2022-2023
Term BLOCK 1
Credits ,5 (EUI Economics Department)
Contact Simonsen, Sarah

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

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
macro-learning models.
4. Commitment, credibility and competition. Brief introduction to
Sustainable and Markov-perfect equilibria.

Register for this course

Page last updated on 21 September 2018

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