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ECO-4101 : Macroeconomics 1 : Macrodynamics

Niveau M1+M2

Discipline(s) Economie

ECTS 4.00

Période 1e semestre

Localisation Site Descartes

Année 2019-2020

 Public externe (ouverts aux auditeurs de cours)
 

Créneau
Mardi Matin
Mercredi Matin
Horaires du cours
Mardi 17/09/19 8H30-11H30; Mardi 24/09/19 8H30-11H30; Mardi 1/10/19 8H30-11H30; Mercredi 2/10/19 8H30-11H30; Mardi 8/10/19 8H30-11H30; Mercredi 9/10/19 8H30-11H30; Mardi 15/10/19 8H30-11H30; Mercredi 16/10/19 8H30-11H30.
Objectif du cours

The next step after the introduction of the main growth models is to improve the knowledge of the dynamic (introduction of a time component) dimension in the macro-economic models. It will be a way to introduce the spreading of micro-economic foundations in this class of models. After a first chapter dedicated to some reminders in maths beyond the usual tools of static optimisation, the course will cover the following topics :

-dynamic models of consumption : permanent income, intertemporel choices under certainty and uncertainty,

-dynamic models of investment : models of capital renting,Tobin’s Q ratio through the introduction of adjustments costs

-the introduction of Real Business Cycles models that are the first step to the design of micro-founded dynamic general models.

Standard static macro-economic models (IS/LM, AS/AD), Solow model and Endogeneous growth models

Lecture course : Alexis Penot

Final exam (75% of final grade) will have two dimensions. The first will be the knowledge of the technical aspects taught in class. The second will be their meaning and their place in the design of macro-economy.

Other of evaluation : 25% of final grade.

  • Dynamique économique, Gilbert Abraham-Frois (in French)
  • Advanced macroeconomics, David Romer (French translation available)
Modifié le :
05/07/2019 11:14:34