Macro 1 - Tepper School of Business

Lectures
  • Lecture Notes: [PDF] - updated Nov 2nd, 2019, 3:57 PM
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  • 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)

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


​Last year's class page