DRE 4007 Advanced Macroeconomics
DRE 4007 Advanced Macroeconomics
This is the course description for autumn 2016. THe course will be revised before it is run again.
Growth theory
- Neoclassical growth
- Endogenous growth
- Overlapping generation models
- Problem set 1
Equilibrium models
- Dynamic programming
- Consumption theory
- Investment theory
- Search theory
- Problem set 2
Business cycle and topics
- Real business cycle
- Monetary models
- Topics: irreversibility
- Problem set 3
There will be 10 lectures, 5 lectures on each part. Students are required to participate in class – both in discussions and by presenting models/material from the reading lists – as well as solve and hand in solutions to exercises and problems.
This course is an introduction macroeconomic theory. It is also about tools and techniques used in advanced research in macroeconomics.
The course consists of three parts. The first part gives the students an introduction to modern growth theory. We will cover the three models used in modern growth theory. Emphasis will be provided in terms of the microfoundations of these models.The topic of the second part is equilibrium macroeconomics models. We will start with the main results in recursive macroeconomics models including an introduction to dynamic programming.
Then, we will review the main theories of consumption, investment and labor markets. The third topic is business cycle. We will start describing the standard real business cycle model. Then, we will cover the monetary models of business cycle. We will explore issue related to the non-neutrality of money using modern dynamic stochastic equilibrium models (DSGE) framework.
Enrollment in a PhD Programme is a general requirement for participation in PhD courses at BI Norwegian Business School.
External candidates are kindly asked to attach confirmation of enrollment in a PhD programme when signing up for a course. Other candidates may be allowed to sit in on courses by approval of the courseleader. Sitting in on a course does not permit registration for the course, handing in exams or gaining credits for the course. Course certificates or conformation letters will not be issued for sitting in on courses.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: DRE40073 Grading scale: Pass/fail Resit: All components must, as a main rule, be retaken during next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Group work / Assignments | 60 Hour(s) | Specified learning activities (including reading). |
Student's own work with learning resources | 90 Hour(s) | Autonomous student learning (including exam preparation). |
Teaching | 30 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.