Advanced Macroeconomics - Sewon Hur (Sean, 허세원)

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Advanced Macroeconomics

Part 1: One-period Model

Consumer's Work-Leisure Decision (slides, handout 1)
Firms' Profit Maximization (slides, handout 2)
Competitive Equilibrium (slides, handout 3)

Data: US (BLS, BEA, FRED)

Materials: Problem Set 1 (due 9/19), Graphs in Excel

Part 2: Economic Growth

Malthusian Model (slides)
Solow Model (slides)
Endogenous Growth (slides)

Data: International (OECD, IFS, World Bank, Penn World Tables)

Materials: Problem Set 2 (due 10/5), Growth accounting slides, Growth accounting notes, Tutorial for constructing capital, Tutorial for growth accounting

Part 3: Two-period Model

Consumer's Saving-Borrowing Decision (slides, handout 4)
Government Debt and Ricardian Equivalence (slides)
Credit Imperfections (slides)
Two-period Model with Investment (slides, handout 5)

Data: Household data (SCF)

Materials: Problem Set 3 (due 11/30), Survey of Consumer Finances, sample STATA code

Part 4: Business Cycles

Business cycle models with flexible prices and wages (slides)
New Keynesian economics and sticky prices (slides)

Presentations and final assignment

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