Firm Heterogeneity in Macroeconomics (ECO-AD-FIRMHETMA)

ECO-AD-FIRMHETMA


Department ECO
Course category ECO Advanced courses
Course type Course
Academic year 2021-2022
Term BLOCK 1
Credits ,5 (EUI Economics Department)
Professors
  • Prof. Basile Grassi (Bocconi University)
Contact Simonsen, Sarah
Sessions

Purpose

Course objectives
The macroeconomic literature usually assume that production is carried out by one representative firm. However, even within the same narrowly defined industry, firms are greatly different with respect to size, productivity, quality, mark-ups, market power... In the last two decades, macroeconomists have learned to model many of these heterogeneities in a tractable way, and this has lead to great advances in our understanding of the microeconomic determinants of macroeconomic outcomes. In this course, we start by studying some empirical facts on firm heterogeneity. Then, we will cover the important theoretical models of firm heterogeneity. These will enable us to understand how developments at the firm level determine aggregate productivity, aggregate fluctuations, and, how linkages among firms
propagate shocks and distortions. Finally, we will study recent empirical evidence, empirical methodology and models in order to study concentration, markup and market power.

Course material will be accessible for registered participants in Brightspace

Description

see under goals

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Page last updated on 21 September 2018

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