Credit hours
In-class work per week |
Practice per week |
Credits |
Duration |
Total |
6 |
2 |
8 |
10 weeks |
120 hours |
Instructor
Humberto Francisco Silva Spolador
Objective
The aim of this graduate course is to present some aspects of modern macroeconomic theory and its
applications to understand and analyze contemporary economic issues.
Content
The static general equilibrium model; The neoclassical growth model; Solow's growth model - stochastic
version; Savings in the overlapping generations model (OLG Model); The economy with fixed and
variable labor; Open economy with two sectors; Labor allocation in a two-sector economy; Exchange
rate and terms of trade.
Bibliography
ACEMOGLU, D. Introduction to Modern Economic Growth. Princeton : Princeton University Press, 2009.
AGÉNOR, P.R; MONTIEL, P.J. Development Macroeconomics. New Jersey: Princeton University Press,
2008.
AGHION, P.; HOWITT, P. The Economics of Growth. The MIT Press, 2009.
ALVAREZ-CUADRADO, F.; POSCHEKE, M. Structural change out of agriculture: labor push versus labor
pull. American Economic Journal, Nashville, v. 3, n. 3 p. 127-158, July 2011.
CHAMBERS, R.G. Applied production analysis – A Dual approach. Cambridge, 1988.
CHUH, A. Advanced Macroeconomics: An Introduction for Undergraduates. WSPC (Europe), 2020.
HUANG, C.J.; CROOKE, P.S. Mathematics and Mathematica for Economists. Blackwell Publishers, 1997.
MACCANDLESS, G. The ABCs of RBCs: An introduction to dynamic macroeconomic models. Cambridge: Harvard University Press, 2008.
OBSTFELD, M.; ROGOFF, K. Foundations of international macroeconomics. The MIT Press, 1996.
ROE, T.; SMITH, R. B. W.; SARACOGLU, D. R. Multisector Growth Models. Springer Verlag NY, 2010.
ROMER, D. Advanced macroeconomics. McGraw-Hill Irving, 2012.
SHONE, R. Economic Dynamic – Phase diagrams and their economic application. Cambridge, 2002.
STOKEY, N.L.; LUCAS, R.E; PRESCOTT, E.C. Recursive Methods in Economic Dynamics.
Harvard University Press, 1989.
BIBLIOGRAFIA COMPLEMENTAR
BUGARIN, M.S.; ELLERY JR, R.; GOMES, V.; TEIXEIRA, A. The Brazilian depression in the 1980s and 1990s in T. J. Kehoe and E. C. Prescott, editors, Great Depressions of the
Twentieth Century, Federal Reserve Bank of Minneapolis, 2007, 287–285.
CHIANG, A. C. Elements of Dynamic Optimization. McGraw-Hill, 1992.
CONESA, J.C.; KEHOE, T.J.; RUHL, K.J. Modeling Great Depressions: The Depression in Finland in the 1990s, Federal Reserve Bank of Minneapolis Quarterly Review, 31:1 (2007), 16–44.
HANSEN, G. D., PRESCOTT, E. C. 2002. "Malthus to Solow." American Economic Review, 92(4): 1205-1217
HERRENDORF, B.; ROGERSON, R.; VALENTINYI, A. Two Perspectives on Preferences and Structural Transformation, American Economic Review 2013, 103(7): 2752–2789.
HODRICK, R.J.; PRESCOTT, E.C. Postwar U.S. Business Cycles: An Empirical Investigation, Journal of Money, Credit, and Banking, 29 (1997), 1–16
KEHOE. T.J; Ruhl, K.J. Why Have Economic Reforms in Mexico Not Generated Growth? Journal of Economic Literature, 48 (2010), 1005–1027.
KYDLAND, F.E.; PRESCOTT, E.C. Time to Build and Aggregate Fluctuations, Econometrica, 50 (1982), 1345–1370.