Advanced macroeconomics III : complement advanced macro II

lecon2161b  2021-2022  Louvain-la-Neuve

Advanced macroeconomics III : complement advanced macro II
2.00 credits
15.0 h
Q2
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.
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
Learning outcomes
Master [120] in Economics: Econometrics