Macroeconomics 1: Advanced Optimization Methods for Macroeconomic Models (2017)


Basic Information

  • Organizer: University of Helsinki
  • Location: Helsinki, Arkadiankatu 7, Economicum building
  • Time schedule (Please note that all changes to this original schedule will only be posted on the course home page, see above)
  • The course includes 18 hours of lectures and 8 hours of exercises, a final exam and a possibility to retake the exam.

Teaching Staff

  • Instructor: Assistant Professor Marlène Isoré (University of Helsinki)
  • Teaching assistant: NN

Topics and learning objectives

  • Deterministic dynamic macroeconomic models: growth theory, Ramsey-Cass-Koopmans model, social planner vs. decentralized economy
  • Exogenous vs. optimal taxation
  • Dynamic programming and value function iteration methods
  • Main textbook: Recursive Macroeconomic Theory by Ljungqvist, L. and Sargent, T., 2nd edition (2004) online or 3rd edition (2012), MIT Press, for paperback

Course Material