SemesterSpring Semester, 2020
DepartmentMA Program of Economics, First Year
Course NameMacroeconomic Theory (II)
Instructor
Credit3.0
Course TypeRequired
Prerequisite
Course Objective
Course Description
Course Schedule

































































































































































Week



課程主題



Topic



課程內容與指定閱讀



Content and Reading Assignment



教學活動與作業



Teaching Activities and Homework



學習投入時間



Student workload expectation



課堂講授



In-class Hours



課程前後



Outside-of-class Hours



1



Review: Solow Model



(2/18)



1. Stationary Model



2. Balanced Growth Path



HW0



3



1.5



2



Two Periods Model  



(2/25)



1.Endowment Economy



2. Arrow-Debreu Equilibrium & Sequential Market Equilibrium


 

3



1.5



3



Two Periods Model



(3/2)



Production Economy



1. Market Economy



2. Social Planner



HW1



3



1.5



4



Multiple Periods Model



(3/9)



1. Extension based on Two Periods Model



2. Expectation


 

3



1.5



5



Real Business Cycle Model



(3/16)



Log-linearized Rational Expectation Model



HW2



3



1.5



6



Real Business Cycle Model



(3/23)



Calibration and Simulation, Impulse Response Functions



 



3



1.5



7



Real Business Cycle Model



(3/30)



Wedge: Business Cycle Accounting



HW3



3



1.5



8



Real Business Cycle Model



(4/7)



Wedge: Business Cycle Accounting


 

3



1.5



9



Midterm



4/14


 

3



1.5



10



From RBC to NK



(4/21)



Cashless Model & Real Rigidity



HW4



3



1.5



11



From RBC to NK



(4/28)



Nominal Rigidity, Calvo Pricing & Adjustment Cost


 

3



1.5



12



Full NK DSGE Model and Monetary Policy



(5/5)



Nominal Rigidity, Calvo Pricing & Adjustment Cost



HW5



3



1.5



13



Monetary Policy



(5/12)



Interest Rate Determinacy


 

3



1.5



14



Macroeconometrics



(5/19)



1. Reduced and Structure VAR



2. Bayesian VAR



HW6



3



1.5



15



Macroeconometrics



(5/26)



1. Reduced and Structure VAR



2. Bayesian VAR


 

3



1.5



16



Macroeconometrics



(6/2)



Estimating DSGE models



HW7



3



1.5



17



Macroeconometrics



(6/9)



Estimating DSGE models


 

3



1.5



18



Final



6/16


 

3



1.5



Teaching Methods
Teaching Assistant

TBA


Requirement/Grading

(1) Midterm (4/14):40%



(2) Final (6/16):45%



(3) Assignments:15%


Textbook & Reference

Textbook:



I don’t assign textbooks for this course. I will use my lecture notes for teaching. The lecture notes will be uploaded before class in Moodle



 



References (Not Required):



Intermediate Macroeconomics, Julio Garin, Robert Lester and Eric Sims



https://www3.nd.edu/~esims1/gls_textbook.html



Galí, 2008. Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.



DeJong and Dave, 2011. Structural Macroeconometrics, Princeton University Press.



Ljungqvist and Sargent, 2012. Recursive Macroeconomic Theory, MIT Press.



 



Python & Dynare Resource:



Python:



https://lectures.quantecon.org/



Dynare:



Callum Jones and Mariano Kulish, A Practical Introduction to DSGE Modeling with Dynare



https://callumjones.github.io/files/dynare_man.pdf


Urls about Course
Attachment