ECON 817 - Advanced Macroeconomics Theory II
Winter 2004
IMPORTANT ANNOUNCEMENTS:
- Homework 6 has been graded and you can pick them up in my office.
If you want, answer key is available.
- My office hours are: Thursday 5-6pm (April 15) and Friday 5-6pm (April
16)
Instructor:
Hiroyuki Kasahara
Office: 233 Dunning Hall
Phone: 533-2258
Office Hours: Monday 10:00-11:00am
and Thursday 5:30-6:30pm, and by appointment.
E-mail: kasahara@qed.econ.queensu.ca
Teaching Assistant: Zhen Song
Office:
MC A423
Phone: 533-6000(ext.75468)
Office Hours: Tuesday 10-12am
E-mail:
songz@qed.econ.queensu.ca
Class Times:
The class will meet in Dunning 227 from 8:30-9:50am on Monday and
from 10:00-11:20am on Thursdays.
Main Text:
Stokey, Nancy and Robert
E. Lucas with Edward Prescott (1989) Recursive
Methods in Economic Dynamics, Cambridge:
Harvard University Press. Ljungqvist,
Lars and Thomas Sargent (2000) Recursive
Macroeconomic Theory. Cambridge: MIT Press.
Other References: Various articles
(See
Course Outline
)
Course Description:
The emphasis will be on the concepts
and techniques in recursive decision-making and their application to various
problems in macroeconomic theory. The course aims at
learning the theory of dynamic programming based on Stokey and Lucas (1989)
and developing (practical) numerical dynamic programming techniques using
computers. As an example of applications, we study the one-sector growth
model. Other topics covered in this course are: (1) Incomplete Insurance
and Heterogenious Agents, (2) Search and Matching, and (3) Investment.
Course Requirements: Homework
are essential for learning and understanding the materials that will be
covered in this course. Homework assignments are assigned regularly and
they will be an important part of the final grade. Late homework may be
accepted but the score will be discounted by 20 points (out of 100 points)
for each additional day after the due date. The final grade will be determined
on a weighted average of marks on homework assignments and two exams: a midterm
and a final. The mid-term exam includes some questions from homework (especially,
some mathematical proofs). The final exam has two-parts: a theory part and
a computer programming (take-home) part. The weights will be:
Homework: 30%
Midterm Exam: 30%
Final Exam (Theory): 20%
Final Exam (Programming): 20%
Download:
Homework:
Exam:
[Go to Department of Economics home
page]
[Go to Queen's University home page]