Intermediate Macroeconomics, Fall 2009

 

Syllabus

 

 

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Older Courses:

 

 

Macro Theory II, Spring 2009

 

Syllabus

 

Lecture notes:

 

      0.   Introduction

 

  1. Heterogeneity in the Neoclassical Growth Model with Complete Markets (updated March 24)

I added a new subsection on lotteries/indivisibilities.

 

  1. Consumption Insurance. Precautionary Savings.

 

  1. Income fluctuation problem.

Income fluctuation problem Part II (added Apr 05, ignore last few pages of Part I that we did not cover on Apr 1st beta(1+r)<1)

 

  1. Numerical methods to solve IFP

Background on numerical methods (slides)

Example of code:  start.m  euler.m  solve.m

Compecon Library (make sure you have it on the Matlab path before you run start.m)

     

  1. Income fluctuation problem Part III (Huggett 1993) (added Apr 09)

Original paper

 

  1. Stationary Equilibrium in Economies with Idiosyncratic Risk and Incomplete Markets

 

  1. Non-Stationary Equilibria

 

  1. Firm Dynamics

 

  1. Monopolistic Competition and Menu Costs

 

Problem Sets:

 

# 1. Due April 1

# 2. Due April 8

       No homework this week. Next problem set will be due April 22.

# 3. Due April 22.

       Solution

# 4. Due April 29

 

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Dynamic Monetary Economies, Fall 2007

 

Syllabus

 

Compecon Library

 

Lecture Notes on Numerical Solution Methods

 

            Slides on Numerical Solution Methods (lecture at Bank of Canada in 2007)

 

            Notes on Sparse Grid Interpolation

 

 

 

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Intermediate Macroeconomics, Fall 2008

 

Syllabus