Last update: PhDr. Jaromír Baxa, Ph.D. (30.09.2022)
The aim of this course is to provide an introduction to the study of advanced topics in macroeconomics:
I. Economic growth (Week 1-2)
II. Micro-based modeling of long-term growth (Week 3-5)
III. Policy issues: Monetary policy and unemployment (Week 8-9)
IV. Micro-based modeling of short-term fluctuations (Week 10-12)
Mathematical models are broadly used throughout the course, with an emphasis both on their interpretation and on mastering mathematical methods necessary for development of these models. The language of the course is English. Moodle site: https://dl1.cuni.cz/course/view.php?id=14019.
Last update: PhDr. Jaromír Baxa, Ph.D. (30.09.2022)
The aim of this course is to provide introduction into the study of advanced topics in macroeconomics:
I. Economic growth (Week 1-2)
II. Micro-based modeling of long-term growth (Week 3-5)
III. Policy issues: Monetary policy and unemployment (Week 8-9)
IV. Micro-based modeling of short-term fluctuations (Week 10-12)
Mathematical models are broadly used throughout the course, with an emphasis both on their interpretation and on mastering mathematical methods necessary for development of these models. The language of the course is English. Moodle site: https://dl1.cuni.cz/course/view.php?id=14019.
Literature - Czech
Last update: prof. Roman Horváth, Ph.D. (14.11.2019)
Main textbook: Romer.D.(2012). Advanced Macroeconomics, 4th ed. McGraw-Hill/Irwin, Boston ISBN: 978-0-07-351137
Other supplementary textbooks/materials: Barro, R.J, and Sala-i-Martin, X. (2003). Economic growth, 2nd ed. MIT Press, Cambridge. ISBN: 0262025531 Doepke, M.; Lehnert, A. and Sellgren, A.W. (1999). Macroeconomics. (mimeo) http://www.econ.ucla.edu/doepke/teaching/textbook/ MIT Open Course Ware: 14.06 Intermediate Macroeconomic Theory Durlauf, S.N.; Johnson, P.A. and Temple, J.R.W. (2005). Growth Econometrics (chap.8). Handbook of Economic Growth. Volume 1, part 1, pp. 555-677
Reference for Econometrics Gujarati, D. (2002): Basic Econometrics, 4th edition, McGraw-Hill/Irwin. Koop, G. (2008): Introduction to Econometrics. Wiley.
Reference for Mathematical Methods Chiang, A. - Wainwright, K. (2005). Fundamental Methods of Mathematical Economics. McGraw Hill; 4th edition. Vinogradov, V.(1999). Cook-book of Mathematics. CERGE-EI Lecture Notes http://www.cerge-ei.cz/pdf/lecture_notes/LN01.pdfRomer D.: Advanced Macroeconomics. McGraw-Hill 1996 (1st edition) or any other edition
Requirements to the exam
Last update: PhDr. Jaromír Baxa, Ph.D. (15.11.2021)
Grading
Three Assignments: each for 12 points maximum (together 36 points)
Midterm: 24 points maximum, no make-up possibility, min 3 points from each part (computation, empirics, theory)
Final: 40 points maximum, min 4 points from each part (computation, empirics, theory)
Bonus pointsBonus points can be awarded when students detect important issues in setups of the problem sets, codes or other materials provided by the instructors. The issues shall be preferably raised via moodle forum.
Grading scale:
90.5-100 A
80.5-90.4B
70.5-80.4 C
60.5-70.4 D
50.5-60.4 E
0-50.4 F
(The decimals indicate that standard rounding applies. If the number of points exceeds 100, truncation to 100 applies.)
Seminars: There are two distinct seminars for the course. Seminar 1 (S1a and S1b) focused on the macroeconometrics and Seminar 2 (S2a, S2b, S2c) on computational methods related to models from the lectures. Students are expected to attend one of the parallel classes of Seminar 1 and one of Seminar 2. Selection of Seminars in SIS is not binding, you may switch from one parallel session to another whenever you want to.
Syllabus -
Last update: SCHNELLEROVA (29.08.2019)
Outline:
1. Course introduction + Economic Growth - stylized facts and issues 2. Determinants of long-term growth - Solow-Swan Model 3. Micro-based modeling of long-term growth - Ramsey model I 4. Micro-based modeling of long-term growth - Ramsey model II 5. Determinants of long-term growth - AK models and endogenous growth models 6. Micro-based modeling of short-term fluctuations - Real Business Cycle Models 7. Micro-based modeling of short-term fluctuations - Real Business Cycle Models 8. Policy issues: Inflation and Monetary Policy 9. Policy issues: Unemployment 10. Micro-based modeling of short-term fluctuations - Nominal rigidities (intro) 11. Micro-based modeling of short-term fluctuations - Full model with rigidities 12. New Keynesian DSGE models 13. Summary and Consultation
Last update: prof. Roman Horváth, Ph.D. (14.11.2019)
Outline:
1. Course introduction + Economic Growth - stylized facts and issues 2. Determinants of long-term growth - Solow-Swan Model 3. Micro-based modeling of long-term growth - Ramsey model I 4. Micro-based modeling of long-term growth - Ramsey model II 5. Determinants of long-term growth - AK models and endogenous growth models 6. Micro-based modeling of short-term fluctuations - Real Business Cycle Models 7. Micro-based modeling of short-term fluctuations - Real Business Cycle Models 8. Policy issues: Inflation and Monetary Policy 9. Policy issues: Unemployment 10. Micro-based modeling of short-term fluctuations - Nominal rigidities (intro) 11. Micro-based modeling of short-term fluctuations - Full model with rigidities 12. New Keynesian DSGE models 13. Summary and Consultation
Grading:
Assignments (three throughout the semester): each for 12 points maximum (together 36 points)
Midterm: 24 points maximum, no make-up possibility, min 3 points from each part (computation, empirics, theory)
Final: 40 points maximum, min 3 points from each part (computation, empirics, theory)
Total:100 points. Thresholds: A (100 - 87.0), B (86.9-75.0), C (74.9-60.0), F (<60)
Seminars: There are two distinct seminars for the course. Seminar 1 (S1a and S1b) focused on the macroeconometrics and Seminar 2 (S2a, S2b, S2c) on computational methods related to models from the lectures. Students are expected to attend one of the parallel classes of Seminar 1 and one of Seminar 2. Selection of Seminars in SIS is not binding, you may switch from one parallel session to another whenever you want to.
