Advanced Macroeconomics 1 (ECOM-R312)

August 12, 2019

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Method of completion: contact teaching (streaming will be only available to the FDPE students at their own universities, for more infromation please contact Jenni Rytkonen, jenni.rytkonen [at]


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This course introduces students to macroeconomics and dynamic economic analysis at the graduate level, focusing on the workhorse models of economic growth. It starts with the Solow growth model, moving on to cover the deterministic version of the neoclassical growth model, both in discrete and continuous times, and solves it using an infinite horizon Lagrangian/Hamiltonian. The course introduces dynamic programming and value function iteration methods and compares them with the above-mentioned methods in the same model environment. The interaction of different generations is analyzed using the basic overlapping generations model. Finally, a short introduction to endogenous technological change is given.