Checking date: 20/05/2022


Course: 2022/2023

Topics in advanced Macroeconomics
(13446)
Study: Bachelor in Economics (202)


Coordinating teacher: FUSTER PEREZ, MARIA LUISA

Department assigned to the subject: Department of Economics

Type: Electives
ECTS Credits: 6.0 ECTS

Course:
Semester:




Requirements (Subjects that are assumed to be known)
Mathematics for Economics I and II, Macroeconomics, Dynamic Macroeconomics.
Objectives
-Intrepret and analyze economic data -Apply economic analysis to understand macroeconomic issues. - Identify the most relevant macroeconomic questions -Knowledge of the workhorse model in macroeconomics: The Ramsey model of Economic growth -Knowledge of the most important theories on endogenous growth -Develop and solve a dynamic macroeconomic model of infinite horizon and continuous time. -Apply modern macroeconomic theory to analyze also questions on fiscal policy, taxation an public debt. -Study of a small open economy -Study the response of a small open economy to temporary and permanent shocks
Skills and learning outcomes
Description of contents: programme
This course develops the microeconomic foundations of macroeconomic theory and expands students' analytic skills by constructing and solving dynamic macroeconomic models. The main topics that the course are economic growth, economic policy, public debt and international macro. The course provides an advanced training in modern macroeconomic theory. The stylized facts on Economic Growth. The Solow model. The Ramsey Model of Economic Growth: A Macroeconomic dynamic framework in continuous time. The Planners Problem. The Competitive Equilibrium. Government Expenditure in the Ramsey model. The Effects of Taxation on economic growth. Public Debt: Ricardian Equivalence Hypothesis. Endogenous Economic Growth Theories. International Macro: A basic intertemporal model.
Learning activities and methodology
Lectures and practical clases. Office hours (2 hours per week )
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40
Calendar of Continuous assessment
Basic Bibliography
  • Romer, David. Advanced Macroeconomics. McGraw-Hill. 2019
  • Végh, Carlos . Open Economies in Developing Countries . MIT Press . 2013

The course syllabus may change due academic events or other reasons.