The basic framework for this module will be infinitely-lived dynamic stochastic and non-stochastic macro models in both discrete and continuous time frames. Overlapping generation models will also be used to deal with certain topics. Topics include: • The Lucas Critique • Growth models • Expectations • Business cycles • Basics of a new Keynesian business cycle model • Overlapping generations models
1 other contact session per week, 3 lectures per week
Language of tuition
Module is presented in English
Period of presentation
Semester 1 or Semester 2
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