5.0 credits
30.0 h + 6.0 h
2q
Teacher(s)
Oikonomou Rigas ;
Language
Anglais
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 ).
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
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
Faculty or entity<
