G 6215   Adv. Macro Analysis I, Fall 2011

Prof. Stefania Albanesi, Columbia University

 

Syllabus 

 

Office Hours

Stefania Albanesi: MW 4-5 PM 1103B IAB

Nicolas Crouzet: R 5-6 PM Lehman Library

 

Recitation

R 6.30-8 PM, Mudd 825, starting on September 15.

 

Make-up Class

Friday October 14, 2-4 PM, in IAB 1101

 

Review Session

Monday October 17, regular class time.

 

Assignments

Assignment 1, due at the first recitation session. Solution

Assignment 2, due on Monday September 26 in class. Solution

Assignment 3, due on Tuesday October 4, in NicolasŐ mailbox. Solution

Assignment 4, due on Monday October 10, in class. Solution

Assignment 5, due on Monday October 17, in class.

 

Handouts

1. Recursive representation of the planning problem

2. Characterizing the policy function

3. Introducing hours worked in the canonical model

4. Three Notions of Private Sector Equilibrium

5. Solving Models with Sustained Growth

6. Business Cycles and Labor Markets 

 

Lectures

9/7: Solving the canonical model in sequence form.

9/12-14: Dynamic programming.

9/19-21: Characterizing policy functions, introducing hours worked, equilibrium concepts. SLIDES

9/26-28: Topics in growth theory.

10/3-5: RBC models, facts and labor markets. SLIDES

10/10-14: Search in the labor market

10/17: Review session

10/19: Exam

 

 

Practice Exam Questions

Questions,  Solutions

From LS: 26.4.a and c, 26.11 (related to search in general equilibrium)

 

Readings

All readings in the syllabus, except for textbook chapters, are available on line from authorsŐ homepages, from JSTOR or from Columbia LibraryŐs online journal archive, here. Only the hard to find articles will be posted here.

 

Christiano, Lawrence J. and Terry Fitzgerald. The Business Cycle: ItŐs Still a Puzzle.

 

Updated: 10/8/2011