Course Syllabus
Obiettivi formativi
The aim of this course is to introduce students to the workhorse models of modern dynamic
macroeconomics. It aims at providing you with the mathematical and analytical foundations needed
to solve intertemporal dynamic optimization problems in general equilibrium. Lectures will be complemented by seminars during which you will learn how to solve problem sets.
Contenuti sintetici
The course teaches you macroeconomic models that help understand the causes of long-run
economic growth and cross-country income differences. These include the Solow growth model,
the Neoclassical growth model, the overlapping generations model and theories of endogenous
growth.
Programma esteso
- Introduction: Basic facts about economic growth and cross-country income differences
- The Solow growth model
- Micro-foundations of macro-models and dynamic optimization
- The Neoclassical growth model and applications
- Growth with overlapping generations
- Endogenous technological change
- Economic growth in the global economy
- Explaining cross-country income differences: from proximate to fundamental causes
Prerequisiti
Economics: Familiarity with an intermediate macroeconomics text such as Robert Barro,
Macroeconomics: A Modern Approach, 2008, 1st edition, Thomson South-Western; or N. Gregory
Mankiw, Macroeconomics, Worth Publishers or any other intermediate undergraduate
macroeconomic textbook.
Mathematics: Familiarity with calculus at the level of Alpha C. Chiang, Fundamental Methods of
Mathematical Economics, McGraw Hill and basic differential equations. Dynamic optimization will
be introduced during the course. A useful reference for some mathematical concepts is the
textbook: Simon, C. & Blume, L. Mathematics for Economists.
Metodi didattici
Lectures will be held in presence and according to the rules the University will set for the a.y. 2022-23.
Lectures will be complemented by seminars during which the student will learn how to solve problem
sets-
Modalità di verifica dell'apprendimento
The exam is a written test.
Testi di riferimento
Lecture notes will be made available. The main textbooks are:
Acemoglu, D. Introduction to Modern Growth, Princeton University Press, 2009
Romer, D. Advanced Macroeconomics, 5th edition, McGraw-Hill, 2012
For some topics, journal articles will be used.
Periodo di erogazione dell'insegnamento
II semestre
Lingua di insegnamento
English
Sustainable Development Goals
Learning objectives
The aim of this course is to introduce students to the workhorse models of modern dynamic
macroeconomics. It aims at providing you with the mathematical and analytical foundations needed
to solve intertemporal dynamic optimization problems in general equilibrium. Lectures will be complemented by seminars during which you will learn how to solve problem sets.
Contents
The course teaches you macroeconomic models that help understand the causes of long-run
economic growth and cross-country income differences. These include the Solow growth model,
the Neoclassical growth model, the overlapping generations model and theories of endogenous
growth.
Detailed program
- Introduction: Basic facts about economic growth and cross-country income differences
- The Solow growth model
- Micro-foundations of macro-models and dynamic optimization
- The Neoclassical growth model and applications
- Growth with overlapping generations
- Endogenous technological change
- Economic growth in the global economy
- Explaining cross-country income differences: from proximate to fundamental causes
Prerequisites
Economics: Familiarity with an intermediate macroeconomics text such as Robert Barro,
Macroeconomics: A Modern Approach, 2008, 1st edition, Thomson South-Western; or N. Gregory
Mankiw, Macroeconomics, Worth Publishers or any other intermediate undergraduate
macroeconomic textbook.
Mathematics: Familiarity with calculus at the level of Alpha C. Chiang, Fundamental Methods of
Mathematical Economics, McGraw Hill and basic differential equations. Dynamic optimization will
be introduced during the course. A useful reference for some mathematical concepts is the
textbook: Simon, C. & Blume, L. Mathematics for Economists.
Teaching methods
Lectures will be held in presence and according to the rules the University will set for the a.y. 2022-23.
Lectures will be complemented by seminars during which the student will learn how to solve problem
sets.
Assessment methods
The exam is a written test.
Textbooks and Reading Materials
Lecture notes will be made available. The main textbooks are:
Acemoglu, D. Introduction to Modern Growth, Princeton University Press, 2009
Romer, D. Advanced Macroeconomics, 5th edition, McGraw-Hill, 2012
For some topics, journal articles will be used.
Semester
II semester
Teaching language
English
