Intermediate Macroeconomics Calculus Real Analysis (introductory course)

-Interpret and analyze economic data. -Apply economic analysis to understand macroeconomic issues. -Explain advanced economic ideas, both in written and oral form. -Compute standard dynamic macro models (neoclassical growth, consumption-savings model) and visualize results in MATLAB. -Study public policies and their macroeconomic effects. -Study of a small open economy: current account, savings, and capital flows

1. Economic growth: Solow Model and Evidence. Techniques: ordinary differential equations (ODEs). 2. The Neoclassical Growth Model (Ramsey). Optimization in continuous time: Hamiltonians. Numerics: ODE solvers. 3. Applications of Neoclassical Growth: General Equilibrium, Taxation Optimization in discrete time, dynamic programming (Bellman Equations) and numerical methods (deterministic transitions). 4. Incomplete-markets consumption-savings model: permanent- income and lifecycle hypotheses, Hall¿s random-walk hypothesis, borrowing constraints, precautionary savings. Numerical life-cycle value-function iteration by grid search. 5. Heterogeneous agents: Bewley-Aiyagari-Huggett model. Computing forward equations (for distributions) and backward equations (for expectations etc.). 6. Small Open Economy and Imperfect Capital Markets (if time permits)

Lectures Recitation classes Tutorials (theoretical work, numerical work in MATLAB) Team work Homework assignments TEACHING METHODOLOGY -Lecture by professor with audiovisual equipment that develops the key concepts of the subject and presents the bibliography that complements the class material. -Reading and discussion of articles recommended by the professor -Solving practical cases, exercises and problem sets -Preparation of reports (individual reports and team reports).