Section Syllabus and letter of introduction (pdf)
Section 102 : Monday 2p-4p, 55 Evans
Section 101 : Wednesday 4p-6p, 51 Evans
Office Hours: Monday 4p-5p, Wednesday 6p-7p (after sections), Evans 608-3.
Course homepage
Lecture: TuTh 11-1230p, 9 Evans
Section Handouts and Information
1) Suggested solutions to problem sets:
ps1 , ps2 , ps3 , ps4 , ps5 , ps6 , midterm 2008 (solutions)
Graded problem sets are in my GSI-box located at the door of 608-5 Evans (6th floor).
2) Date and location of the midterm exam: Thursday, March 13 in class (Evans 9)
3) Some practice exams:
midterms: 2004 , 2005 , 2006 (solution) , 2007 (solution)
finals: 2005 (with solution), 2006 (solution)
additional material: mainly from Chad Jones' exams, provided by Matias Cattaneo
Section Information (tentative schedule)
Jan 21 & 23: no sections
Jan 28 & 30: Solow 1
- handout on Solow model
- "Kaldor facts" as motivation of Solow model
- General structure of macro (growth) models
Feb 4 & 6: Tools Review: Optimal Control and Consraint Optimization
- Optimal Control Theory will be reviewed in Monday's section
- Constraint Optimization will be reviewed in Wednesdays's section
If you attended my sections of 202A last semester you do not need to attend this week's section.
Feb 11 & 13: Solow 2
- Big Picture of the Solow model
- economic environment
- technology, capital transformation, endowments,... - allocation of resources: rule-of-thumb
- solution and analysis
- comparative statics: qualitative and quantitative
- transition dynamics: qualitative and quantitative
- Factor payments and consistency with "Kaldor facts" (ex. 1.9)
Feb 17 & 19: Ramsey & Diamond
- The "Big Picture" of Ramsey: A simple but hopefully clarifying derivation
- A non-growth application of OLG: Microfoundation of fiat money
- Intertemporal Elasticity of Substitution vs. Constant Relative Risk Aversion
Feb 25 & 27: Various Exercises & Diamond
- Solow in discrete time vs. Solow in continuous time
- Solow in discrete time as a special case of OLG with full depreciation (special link for James ;)
- Relation between RRA and IES
- The "Big Picture" of Ramsey
March 3 & 5: Endogenous Growth
- Ethier production function
- Learning-by-doing
- Can delay in the transmission of knowledge explain cross-country income differences?
- Growth accounting
March 10 & 12: Review
- Handout