Outline:

1. Course introduction + Economic Growth - stylized facts and issues
2. Determinants of long-term growth - Solow-Swan Model
3. Micro-based modeling of long-term growth - Ramsey model I
4. Micro-based modeling of long-term growth - Ramsey model II
5. Determinants of long-term growth - AK models and endogenous growth models
6. Micro-based modeling of short-term fluctuations - Real Business Cycle Models
7. Micro-based modeling of short-term fluctuations - Real Business Cycle Models
8. Policy issues: Inflation and Monetary Policy
9. Policy issues: Unemployment
10. Micro-based modeling of short-term fluctuations - Nominal rigidities (intro)
11. Micro-based modeling of short-term fluctuations - Full model with rigidities
12. New Keynesian DSGE models
13. Summary and Consultation

Grading:

Assignments (three throughout the semester): each for 12 points maximum (together 36 points)

Midterm: 24 points maximum, no make-up possibility, min 3 points from each part (computation, empirics, theory)

Final: 40 points maximum, min 3 points from each part (computation, empirics, theory)

Total:100 points. Thresholds: A (100 - 87.0), B (86.9-75.0), C (74.9-60.0), F (<60)

Seminars: There are two distinct seminars for the course. Seminar 1 (S1a and S1b) focused on the macroeconometrics and Seminar 2 (S2a, S2b, S2c) on computational methods related to models from the lectures. Students are expected to attend one of the parallel classes of Seminar 1 and one of Seminar 2. Selection of Seminars in SIS is not binding, you may switch from one parallel session to another whenever you want to.