Advanced macroeconomics III : complement advanced macro I

Teacher(s)

Baudin Thomas (compensates 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.

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

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

Lectures ex catedra with a maximum of interactions with the students. Focus on understanding mechanisms.

Evaluation methods

Due to the COVID-19 crisis, the information in this section is particularly likely to change.

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