Advanced macroeconomics III

lecon2161  2019-2020  Louvain-la-Neuve

Advanced macroeconomics III
Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
5 credits
30.0 h
Q2
Teacher(s)
De la Croix David;
Language
English
Main themes
A few topics (around three), in continuation of the macroeconomic courses, will be selected at the beginning of the course. The first lectures will consist in ex-catedra expositions by the professor(s) to introduce to the topics, with the associated advanced literature,key issues and open questions and recommended readings. These lec-tures will be followed by students' seminars. These seminars will consist of reading reports of one of two re-lated seminal contributions, plus a discussion and eventually an extension proposal.
Aims

At the end of this learning unit, the student is able to :

1 The seminar aims at bringing students to the frontiers of research in a particular field, and to train them in defin-ing and conducting a research topic. The focus is on using tools to answer a research questions and to read "be-tween the lines" some of the main contributions to the topics considered.
 

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
The course is divided into two parts.
Part 1 introduces the students to the basics of overlapping generations model: the competitive equilibrium, the planner allocation, decentralization a planner allocation, the second best problem
Part 2 presents key models to understand the growth process. It includes Malthusian models, Solow's model, from Malthus to Solow, Models with human capital, Unified growth theory
Teaching methods
Lectures ex catedra with a maximum of interactions with the students. Focus on understanding mechanisms.
Evaluation methods
Depending on the number of students, the final exam will be written or oral.
Bibliography

Part 1: de la Croix and Michel (2002), A Theory of Economic Growth, Cambridge University Press
Faculty or entity
ECON


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Aims
Master [120] in Economics: General