Macroeconomics I, Macroeconomics II and Macroeconomics III. Microeconomics I and II.

The goal of this course is to study models that incorporate two types of frictions: search and spatial. The course is divided in two parts. The first part will consist of a theoretical exploration of search equilibrium models. The second part will introduce models employed in the study of the role of spatial frictions in the economy.

Part I. Search theory 1. Random search and Bargaining 2. Random Search and Price Posting 3. Directed or Competitive Search. Part II: Spatial Macroeconomics 1. The Classics & the New Economic Geography Workhorse Models: Rosen-Roback, McFadden, Krugman Quantitative Applications 2. Quantitative Spatial Economics Workhorse Models: Allen and Arkolakis & Eaton Kortum Quantitative Applications 3. The Organization of Production Workhorse Models: Sattinger, Lucas, Garicano & Rossi-Hansberg Quantitative Applications 4. Input-Output Networks Workhorse Models: Acemoglu, Oberfield Quantitative Applications: TBD

Learning activities Lectures Group and individual assignments Reading assignments and class discussions Office hours Methodology Lectures in which the professor teaches basic concepts and presents the readings necessary to complement the class activities. Critical readings of the material presented by the professor. One assignment consisting of writing a referee report on a seminal or contemporary paper. One numerical assignment consisting of replicating and extending the code of a quantitative paper.