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Advanced Macroeconomics


Part 1: Introduction
    Lecture 1: Overview (slides)
    Lecture 2: GDP and Inflation (slides)
    Lecture 3: Business Cycle Measurement (slides)

Part 2: One-period Model
    Lecture 4: Consumer's Work-Leisure Decision (slides, handout 1)
    Lecture 5: Firms' Profit Maximization (slideshandout 2)
    Lecture 6: Competitive Equilibrium (slideshandout 3)

    Materials: Problem Set 1 (Due 10/14), Graphs in Excel

Part 3: Economic Growth
    Lecture 7: Malthusian Model (slides)
    Lecture 8: Solow Model (slides)
    Lecture 9: Endogenous Growth (slides)

    Materials: Problem Set 2 (Due 10/28), Growth Accounting

Part 4: Two-period Model
    Lecture 10: Consumer's Saving-Borrowing Decision (slideshandout 4)
    Lecture 11: Government Debt and Ricardian Equivalence (slides)
    Lecture 12: Credit Imperfections (slides)
    Lecture 13: Two-period Model with Investment (slideshandout 5)

    Materials: Problem Set 3 (Due 11/30)

Part 5: Business Cycles
    Lecture 14: Business cycle models with flexible prices and wages (slides)
    Lecture 15: New Keynesian economics and sticky prices (slides)

Presentations and final assignment
    In the last week of classes, you will present your research findings (20 minutes). You must submit a research proposal that specifies how you will use the tools and concepts learned in this course in your research by 11/30. Finally, submit a paper summarizing your findings. The paper should be 5 pages and can include up to 2 pages of graphs, tables, and/or equations. Use Times New Roman, size 12, 1.5 line spaced, with 1 inch margins. The paper is due Friday 12/16, 4pm.