Macro 1 - Tepper School of Business
Lectures
- Lecture Notes: [PDF] - updated Nov 2nd, 2019, 3:57 PM
- Lecture 1 (Slides: [PDF]):
- Started by discussing basic stylized facts in macro; developed the two sector G.E. model
- If you want to read more on growth facts and observations, this is a very nice paper by Chad Jones and Paul Romer - The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital - [PDF]
- Lecture 2:
- Further developed the two sector model. Proved first welfare theorem and discussed characterization of Pareto optimality and aggregation
- Lecture 3:
- Finished aggregation and talked about the recursive formulation of the model
- talked about the long-run implications of the one-sector growth model
- Lecture 4:
- Discussed how to create growth in the one-sector growth model; its implication in presence of population growth and productivity growth
- Lecture 5:
- Rewrote the one sector growth model in continuous time
- Talked about Rebelo's model and growth through externalities - Romer (86)
- Lecture 6:
- Finished Romer (86) and started talking about Romer (90)
- Finished Romer (86) and started talking about Romer (90)
Problem Sets
Problem Set 1 - [PDF] Due on Oct 31st 2019. Solutions [PDF]
Problem Set 2 - [PDF] Due on Nov 9th 2019. Solutions [PDF]
Problem Set 3 - [PDF] Due on Nov 17th 2019. Solutions [PDF]
Problem Set 4 - [PDF] Due on Nov 25th 2019
Problem Set 5 - [PDF] for practice
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