Advanced Macroeconomics II : Growth, Dynamics and Policy [ LECON2122 ]
5.0 crédits ECTS
30.0 h + 6.0 h
| Teacher(s) |
Ludwig Alexander ;
|
| Language |
English
|
Place
of the course |
Louvain-la-Neuve
|
| 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
|
| 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 ).
|
| Content |
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 |
Intermediate macro & micro.
Math.
Written closed book exam
Books and articles
Ph.d students manage exercises and homeworks
|
Cycle et année
d'étude |
> Master [120] in Economics: Econometrics
> Master [120] in Economics: General
|
Faculty or entity
in charge |
> ECON
|
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