Teaching
Macroeconomics for MSc Students, LSE, 2009/10
Maths and Statistics for MSc Students, LSE, 2008/9
Economic Analysis of the European Union for 3rd-year undergraduates, LSE,
2007/8/9
EC413 Macroeconomics for MSc Students
2009-2010
Michaelmas term
Class 1: Solow Growth Model
Handout on convergence dynamics in the Solow Model:
pdf
Gollin's article on factor shares: pdf
Additional: Handout on the Golden Rule of Capital Accumulation:
pdf
Extension: Handout on the Ramsey-Cass-Koopmans Growth Model:
pdf
Class 2: Human Capital in the Solow Growth Model
Mankiw, Romer and Weil (1992):
Jstor link
Class 3: Growth Accounting
Barro and Sala-i-Martin (hereafter B&S), Economic Growth, 2nd ed., Chapter 10
Young, A. (1995):
Jstor link
Class 4: Endogenous Technological Progress
Handout on the solution recipe:
pdf
B&S Chapter 6
Class 5: Global Capital Flows
Lucas (1990):
Jstor link
Handout on changing the dummy of integration:
pdf
Class 6: Global Capital Flows II
Class 7: RBC Models
Chapter 4 of Romer, D. "Advanced Macroeconomics", 2nd ed.
Handout on RBC problem set 1:
pdf
Handout on the canonical RBC model:
pdf
Class 8: RBC Models II
Handout on Tools for Dynamic Optimisation in Discrete Time:
pdf
Lent term
Class 1: Labour Market
Chapter 1 of Pissarides, Christopher A. "Equilibrium Unemployment Theory",
2nd ed. Cambridge MA: MIT Press, 2000
Hansen, G. (1985):
link
Rogerson (1988):
link
Handout on deriving the wage curve: approach 1
pdf;
approach 2
pdf
Class 2: Labour Market II
Merz, M. (1995):
link
Shimer, R. (2005):
Jstor link
Handout on Shimer (2005):
pdf
Class 3: Saving and the Interest Rate
Simple 2-period consumption-saving model
Class 4: Current Account, Saving and Investment
Handout on the derivative of the PDV of income w.r.t. the interest rate:
pdf
Class 5: Permanent Income Hypothesis
Handout on our current position (state) in EC413:
pdf
Handout on excess sensitivity: pdf
Hall, R. (1978):
Jstor link
Flavin, M. (1981):
Jstor link
Chapter 7 of Romer, D. "Advanced Macroeconomics", 2nd ed.
Class 6: Fiscal Policy in Barro (1979)
Handout on our updated position, Week 6 LT:
pdf
Taxation cost-minimisation in Barro '79:
pdf
Class 7: OLG Model with Bequests
Handout on Ricardian equivalence clarification:
pdf
Handout on solving PS5 using Bellman:
pdf
Class 8: C-CAPM
Class 9:
Class 10: