ECON 6600

Advanced Macro Theory

Lec 01 selected

The purpose of this course is to understand the structure of the major theoretical frameworks in contemporary macroeconomics. The course addresses issues that mainly relate to the real side of the macroeconomy. Major emphasis is placed on incomplete markets, heterogeneity, income and wealth distribution, and distributional causes and consequences of economic policies.

Sections

Lecture

From the syllabus

From the Winter 2025 syllabus by Talan B. Işcan. Open the PDF

Grading

40%Assignments
5%Class participation
25%Midterm examFebruary 13
30%Final examApril 21

Textbooks

  • Dynamic General Equilibrium Modelling: Computational Methods and Applications, Burkhard Heer and Alfred Maußner
  • Optimal Control Theory and Static Optimization in Economics, Daniel Léonard and Ngo Van Long (optional)
  • Structural Macroeconometrics, David N. DeJong and Chetan Dave (optional)
  • Introduction to Modern Economic Growth, Daron Acemoglu (optional)
  • Recursive Macroeconomic Theory, Lars Ljungqvist and Thomas Sargent (optional)
  • Recursive Methods in Macroeconomic Dynamics, Nancy L. Stokey, Robert E. Lucas Jr., and Edward Prescott (optional)

Course rules

Attendance
Attendance and participation in lecture discussions are required.
Late work
Late assignments lose 10 percent per day, up to a maximum deduction of 50 percent.
Collaboration
Peer discussion is encouraged, but assignment write-ups must be individual work.
AI use
The instructor does not recommend using AI for assignments.
Cancellations
Content from a cancelled class is postponed to the next scheduled class.

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