SemesterSpring Semester, 2020
DepartmentMA Program of Economics, First Year
Course NameMacroeconomic Theory (II)
InstructorWU JHIH-CHIAN
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
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