prof.: Sekyu Choi (sekyu.choi@uab.cat)

we meet Tuesdays and Thursdays, 9:30 - 11:00, Seminar Room C.

T.A.: Rodica Calmuc


Syllabus
In this course we complement what you have learned in the first part of Macroeconomics 1 (First semester of the 1st year). My focus will be on dynamic programming and business cycles, both in theory and practice. The course will consist of mainly three parts: (i) Math preliminaries and Dynamic programming, (ii) applications of dynamic programming to several macro problems and (iii) aggregate innovations and business cycle analysis.


Evaluations
One final exam and individual problem sets. You are encouraged to work in groups, but problem set answers are graded individually.


Problem Sets

[1] Due date: Friday, Jan. 21st.

[2] Due date: Friday, Jan. 28th.

[3] Due date: Friday, Feb. 4th.

[4] Due date: Monday, Feb. 14th. (Please, leave it In my mailbox)

Here are some notes on MATLAB. This is a code to do value function iteration in the deterministic growth model (a good starting point for the homework).

References
Krueger, Dirk "Macroeconomic Theory" (available on line)
Guner, Nezih "Advanced Macroeconomic Theory" (available on line)
Ljungqvist, Lars and Sargent, Thomas J. "Recursive Macroeconomic Theory"
Stokey, Nancy and Lucas, Robert E. with Edward C. Prescott "Recursive Methods in Economic Dynamics"
Cooley, Thomas F. (editor) "Frontiers of Business Cycle Research"

CLASS NOTES BY JOSÉ-VÍCTOR RÍOS-RULL