UCL - Advanced Macroeconomics II : Growth, Dynamics and Policy

[ECON2122]

[30h + 6h] 5 credits

Teacher(s): Raouf Boucekkine, David De la Croix

Language: English

Level: Second

Aims
Main themes
Content and teaching methods
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Aims

The aim of this course is to teach to the students how and when to use the building blocks of modern growth theory. These are taken from two different approaches: the first one considers that agents have an infinite hori-zon. The second one analyzes the case of an economy in which agents have finite lives ( overlapping genera-tions models ).

Main themes

The following topics will be covered :

Part I: The overlapping generations approach to capital accumulation
Competitive equilibria & Optimality
Policies: pensions, public debt, fiscal policy
Education, altruism
Part II: Infinite horizon models of economic growth
Endogenous growth theory, an introduction
Technological progress, the "embodiment controversy" and growth
Schumpeterian models of economic growth and fluctuations

Content and teaching methods

Contents
Precise contents to be defined by the teacher.

Method
The principle is to reach quickly an advanced level. The emphasis is put on an in depth understanding of some models rather than on covering a broad range of topics. Exercises and home works are assigned to students, and a feedback is provided during the course on their solution.

Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Intermediate macro & micro.
Math.

Written closed book exam

Books and articles

Ph.d students manage exercises and homeworks