Graduate macroeconomics I

In this course students learn the fundamental building blocks of macroeconomic theory. The topics covered include consumption theory, life-cycle models, complete and incomplete markets, the neoclassical growth model, the real business cycle model, general equilibrium macroeconomics with heterogeneous agents: bewley-huggett-aiyagari and krussel-smith. 

This course presents some fundamental building blocks of macroeconomic theory.

Required and Corequired knowledge and skills

Familiarity with basic optimization techniques and some undergraduate macroeconomics is required. 

Lectures, problem sets, and practical sessions. 

Contribution to the teaching profile

This course contributes to the following program learning objectives:
LO 1.2 - Assess the quality of an economic research produced by others
LO 1.3 - Identify and analyse an issue using the relevant analytical tools and methods
LO 2.1 - Adopt a scientific approach to data collection, research and analysis and communicate results with clear, structured and sophisticated arguments
LO 2.2 - Display critical thinking and develop autonomous learning strategies and techniques
LO 3.2 - Thorough and critical ability to use empirical and statistical tools in economics
LO 4.1 - Work and communicate effectively as part of a team in an international and multicultural environment

References, bibliography, and recommended reading

Ljungqvist, Lars, and Thomas J. Sargent. Recursive macroeconomic theory, fourth edition. MIT press.

Contacts

fabio.blasutto@ulb.be

Campus

Solbosch

Method(s) of evaluation

• written examination
• Group work

written examination

Group work

Mark calculation method (including weighting of intermediary marks)

Written final exam (80%) and compulsory problem sets (20%)

Language(s) of evaluation

• english