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Course module: 230334-M-6
230334-M-6
Macroeconomics 1 (CentER)
Course info
Course module230334-M-6
Credits (ECTS)6
CategoryMA (Master)
Course typeCourse
Language of instructionEnglish
Offered byTilburg University; Tilburg School of Economics and Management; TiSEM: Economics; Economics;
Is part of
M Research Master in Business
M Research Master in Economics
M Econometrics and Mathematical Economics
Contact personprof. dr. J.A. Smulders
Lecturer(s)
Lecturer
L. Chiappini
Other course modules lecturer
Lecturer
G. Ourens
Other course modules lecturer
Lecturer
prof. dr. J.A. Smulders
Other course modules lecturer
Coordinator course
prof. dr. J.A. Smulders
Other course modules lecturer
Academic year2019
Starting block
SM 1
Course mode
Full-time
Remarks-
Registration openfrom 19/08/2019 up to and including 24/01/2020
Aims

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.
Content

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
  1. Acemoglu, D, Introduction to Modern Economic Growth, Princeton University Press, 2009, ISBN 978-0-691-13292-1.
  2. Several articles and lectures notes..
Recommended Reading
  1. Heijdra, Ben J., Foundations of Modern Macroeconomics, Oxford University Press, 2009.
  2. Blanchard, Olivier J. and Stanley Fischer, Lectures on Macroeconomics, MIT Press, 1989.
  3. Sargent, Thomas J. and Lars Ljungqvist, Recursive Macroeconomic Theory, MIT Press, 2004.
  4. Barro, Robert and Xavier Sala-i-Martin, Economic Growth, MIT Press, 2004.
  5. Helpman E., The Mystery of Economic Growth, Harvard University Press, 2004.
  6. Romer, David, Advanced Macroeconomics, Irwin/McGraw-Hill, 2006, 3rd ed.
Course available for exchange students
Research Master level, conditions apply
Timetable information
Macroeconomics 1 (CentER)
Written test opportunities
DescriptionTestBlockOpportunityDate
Written, 80% / Written, 80%EXAM_01SM 1225-03-2020
Written test opportunities (HIST)
DescriptionTestBlockOpportunityDate
Written, 80% / Written, 80%EXAM_01SM 1110-12-2019
Required materials
Literature
Acemoglu, D, Introduction to Modern Economic Growth, Princeton University Press, 2009
ISBN:978-0-691-13292-1
Articles
Several articles and lectures notes..
Recommended materials
Literature
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.
Tests
Two assignments, 20% total

Written, 80%

Final grade

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