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Specifics
All non-CentER students should ask formal permission from the Director of Graduate Studies in Economics BEFORE the start of the course.
Please send your request for permission including grade list, CV and motivation letter to CentER Graduate School at center-gs@uvt.nl. Note that asking permission is not just a formality.
Required Prerequisites
Quantitative Methods (CentER)
Recommended Prerequisites
A solid background in mathematics, especially in calculus, static optimization, and probability theory is required. Background in dynamic optimization helps a lot, but dynamic optimization will be taught in the course.
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Course Description
This course is an introduction to advanced dynamic macroeconomics. It focuses on economic growth theory and combines rigorous theorety with the relevant empirical evidence. The course introduces the required toolbox that is employed in current specialized research in the field.
Course Objective
By the end of the course students are expected to: (i) master the workhorse infinite horizon models that are heavily used in modern macroeconomic theory, (ii) be able to apply these models to different settings, (iii) have acquired advanced knowledge on economic growth and its determinants. The course employs techniques such as static and dynamic optimization in continuous time and linearization of nonlinear dynamic models.
Type of instructions
Lectures and tutorials
Type of exams
Written final exam (80%) and regular graded homework assignments (20%).
Compulsory Reading
- Acemoglu, D, Introduction to Modern Economic Growth, Princeton University Press, 2009, ISBN 978-0-691-13292-1.
- Several articles and lectures notes..
Recommended Reading
- Heijdra, Ben J., Foundations of Modern Macroeconomics, Oxford University Press, 2009.
- Blanchard, Olivier J. and Stanley Fischer, Lectures on Macroeconomics, MIT Press, 1989.
- Sargent, Thomas J. and Lars Ljungqvist, Recursive Macroeconomic Theory, MIT Press, 2004.
- Barro, Robert and Xavier Sala-i-Martin, Economic Growth, MIT Press, 2004.
- Helpman E., The Mystery of Economic Growth, Harvard University Press, 2004.
- Romer, David, Advanced Macroeconomics, Irwin/McGraw-Hill, 2006, 3rd ed.
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| Course available for exchange students |
| Research Master level, conditions apply |
| Written test opportunities |
| Description | Test | Block | Opportunity | Date |
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| Written, 80% / Written, 80% | EXAM_01 | SM 1 | 2 | 25-03-2020 |
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| Written test opportunities (HIST) |
| Description | Test | Block | Opportunity | Date |
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| Written, 80% / Written, 80% | EXAM_01 | SM 1 | 1 | 10-12-2019 |
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| | Required materialsLiterature| Acemoglu, D, Introduction to Modern Economic Growth, Princeton University Press, 2009 |
| ISBN | : | | 978-0-691-13292-1 |
| Articles| Several articles and lectures notes.. |
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Recommended materialsLiterature| Romer, David, Advanced Macroeconomics, Irwin/McGraw-Hill, 2006, 3rd ed. |
| Literature| Heijdra, Ben J., Foundations of Modern Macroeconomics, Oxford University Press, 2009. |
| Literature| Blanchard, Olivier J. and Stanley Fischer, Lectures on Macroeconomics, MIT Press, 1989 |
| Literature| Sargent, Thomas J. and Lars Ljungqvist, Recursive Macroeconomic Theory, MIT Press, 2004 |
| Literature| Barro, Robert and Xavier Sala-i-Martin, Economic Growth, MIT Press, 2004 |
| Literature| Helpman E., The Mystery of Economic Growth, Harvard University Press, 2004. |
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TestsTwo assignments, 20% total
| Written, 80%
| Final grade
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