Announcements NEW, October 10, 2012

• Office: 234 Dunning Hall
• Telephone: 533-6308
• Office Hours: Thurssdays 2:00-4:00pm
• E-mail: heada@econ.queensu.ca

• Office: MC A421
• Telephone: 533-6000 ext. 75955
• Office Hours: Tuesdays, 3:00-4:00pm
• E-mail: kevin.andrew@queensu.ca

The class will meet in MC A516 from 1:00-2:20pm on Tuesdays and from 11:30am-12:50pm on Thursdays.

There will also be a regular tutorials, normally conducted by Mr. Andrew. Tutorials will meet Wednesdays from 1:00-2:30pm in MC C420. In some cases, the tutorial slot will be used to make-up lectures missed during the first two weeks of the term.

There is no required text. The following books are, however, relevant for particular parts of the course:

Recursive Macroeconomic Theory. Lars Ljungqvist and Thomas J. Sargent, MIT Press, Cambridge, MA, 2nd Ed., 2004.

Dynamic Macroeconomic Theory. Thomas J. Sargent, Harvard University Press, Cambridge, MA, 1987.

Recursive Methods in Economic Dynamics. Nancy L. Stokey and Robert E. Lucas, Jr., with Edward C. Prescott, Harvard University Press, Cambridge, MA, 1989.

Frontiers of Business Cycle Theory. Thomas F. Cooley, ed., Princeton University Press, Princeton, NJ, 1995.

Equilibrium Unemployment Theory. Christopher A. Pissarides, MIT Press, Cambridge, MA, 2nd Ed., 2000.

Labor Markets and Business Cycles. Robert Shimer, Princeton University Press, Princeton, NJ, 2010.

Money, Payments, and Liquidity. Ed Nosal and Guillaume Rocheteau, MIT Press, Cambridge, MA 2011.

This course will focus on the tools of dynamic general equilibrium theoryand their application to various problems in macroeconomic theory. The emphasis will be the setting up and solving of recursive dynamic optimization problems and the interpretation of their solutions as recursive equilibria. The course outline lists specific topics in the order that they will be covered and the readings that will go with each topic. Marks will be determined as described in the course requirements. A printable syllabus (pdf) is also available.

Assignment 1 ( Due Friday, October 12th )

Answers to Assignment 1

Assignment 2 ( Due Tuesday, October 23rd)

Answers to Assignment 2

Assignment 3 ( Due Friday, November 2nd)

Answers to Assignment 3

Assignment 4 ( Due Monday, December 3rd)

Answers to Assignment 4

Information regarding the midterm exam:

The midterm exam will be held from 7:00-8:30pm on Thursday, November 8th; venue TBA.

The midterm exam will test material through topic 3 on the course outline. Problems associated with this material are included on Assigments 1-3. The format of the exam and the nature of the questions will be similar to those of the following past midterm:

Midterm from Fall 2011

The final exam will be held from 9:00am-12:00 noon on Wednesday, December 19th in the Hand-Purvis Conference Room.

The final exam will test all of the material covered in the course, although there will be some emphasis on material covered since the midterm (topics 4 and 5 on the course outline). Topic 6 on the course outline was not covered, so it will not be tested on the exam. The format of the exam and the nature of the questions will be similar to those of the following past final exam:

Final from Fall 2011.

Last updated September 23rd, 2012.