Advanced Macroeconomics 1 (ECOM-R312)

August 12, 2019

Please note that, if you happen to find conflicting information between this page and Courses/Sisu page, consider the Courses/Sisu page the primary source of information.

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] aalto.fi)

Schedule:

  • Courses page (you can view the information on this site without logging in or registering, but some of the content added by teachers to course pages may be available to course participants only, for example Moodle course enrolment key) and/or
  • Sisu page

 

Study material:

 

Enrollment:

  • In UH’s Sisu with your UH username
  • To be able to register for the course in Sisu, please note that
    • You must have a valid right to study at the course host university
    • You have created your primary personal study plan (HOPS) based on your study right
    • You have added the course for which you are registering to your HOPS
    • More information can be found on the webpage How to enroll in the courses?

 

Content:

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.