Lecture Notes
Lecture 1: Two-Period Optimization Problems with Inequality Constraints (April 10, 2025)
Lecture 2: Introduction to Multi-period Optimization Problems and Dynamic Programming (April 24, 2025)
Lecture 3: Complete Market Models of an Endowment Economy (May 8, 2025)
Lecture 4: Complete Market Models of a Production Economy (May 22, 2025)
Lecture 5: Incomplete Market Models with Heterogeneous Agents (June 5, 2025)
Lecture 6: Discrete Choice Dynamic Programming -- Search and Matching Models (June 26, 2025)
Lecture 7: Linear-Quadratic Dynamic Programming -- Real Business Cycle Models (July 10, 2025)
Homework
Homework 1: Two-Period Optimization Problems with Inequality Constraints (April 17, 2025)
Homework 2: Introduction to Multi-period Optimization Problems and Dynamic Programming (May 1, 2025)
Homework 3: Complete Market Models of an Endowment Economy (May 15, 2025)
Homework 4: Complete Market Models of a Production Economy (June 5, 2025)
Homework 5: Incomplete Market Models with Heterogeneous Agents (June 19, 2025)
Homework 6: Discrete Choice Dynamic Programming -- Search and Matching Models (July 3, 2025)
Homework 7: Linear-Quadratic Dynamic Programming -- Real Business Cycle Models (July 10, 2025)
Examination
Final Examination (July 24, 2025)
Lecture Slides
Slides 1: The Science of Macroeconomics (April 9, 2025)
Slides 2: The Data of Macroeconomics (April 16, 2025)
Slides 3: National Income: Where It Comes From and Where It Goes (April 23, 2025)
Slides 4: The Monetary System: What It Is and How It Works (April 30, 2025)
Slides 5: Inflation: Its Causes, Effects, and Social Costs (May 7, 2025)
Slides 6: Classical Theory: The Open Economy (May 14, 2025)
Slides 7: Unemployment and the Labor Market (Optional) (May 21, 2025)
Slides 8: Capital Accumulation as a Source of Growth (May 28, 2025)
Slides 9: Population Growth and Technological Progress (June 4, 2025)
Slides 10: Growth Empirics and Policy (Optional) (June 4, 2025)
Slides 11: Business Cycle Theory: Introduction to Economic Fluctuations (June 11, 2025)
Slides 12: Aggregate Demand I: Building the IS–LM Model (June 25, 2025)
Slides 13: Aggregate Demand II: Applying the IS–LM Model (July 2, 2025)
Slides 14: The Open Economy: The Mundell–Fleming Model (July 9, 2025)
Slides 15: Government Debt and Budget Deficits (July 16, 2025)
Homework
Homework 1 (April 30, 2025)
Homework 2 (May 21, 2025)
Homework 3 (June 11, 2025)
Homework 4 (July 9, 2025)
Examination
Final Examination (July 23, 2025)
Lecture Slides
Slides 1: Introduction to the Course and Review of Macroeconomics 1 (October 7, 2025)
Slides 2: Classical Theory -- The Open Economy (October 14, 2025)
Slides 3: Keynesian Theory -- The Open Economy (October 21, 2025)
Slides 4: Growth Theory -- Capital Accumulation (November 4, 2025)
Slides 5: Growth Theory -- Population Growth and Technological Progress (November 11, 2025)
Slides 6: Growth Theory -- Growth Empirics and Policy (November 18, 2025)
Slides 7: A Dynamic Model of Economic Fluctuations (December 2, 2025)
Slides 8: Understanding Consumer Behavior (December 16, 2025)
Slides 9: The Theory of Investment (December 23, 2025)
Slides 10: Alternative Perspectives on Stabilization Policy (January 6, 2026)
Slides 11: Government Debt and Budget Deficits (January 13, 2026)
Slides 12: The Financial System: Opportunities and Dangers (January 20, 2026)
Homework
Homework 1 (October 28, 2025)
Homework 2 (November 18, 2025)
Homework 3 (December 16, 2025)
Homework 4 (January 6, 2026)
Examination
Final Examination (January 27, 2026)
Lecture Notes
Slides 1: The Solow Growth Model (October 3, 2023)
Slides 2: The Ramsey Growth Model (October 17, 2023)
Slides 3: The Overlapping-Generations Model (October 31, 2023)
Slides 4: Multi-period Optimization Problems and Dynamic Programming (November 14, 2023)
Slides 5: The Stochastic Growth Model / the Real Business Cycle Model (December 5, 2023)
Slides 6: A New Keynesian DSGE Model (January 9, 2024)
Homework
Homework 1 (October 10, 2023)
Homework 2 (October 31, 2023)
Homework 3 (November 14, 2023)
Homework 4 (November 28, 2023)
Exercises
Exercise 1 (November 21, 2023)
Exercise 2 (November 28, 2023)
Exercise 3 (December 12, 2023)
Examination
Final Examination (January 30, 2024)