Macroeconomics 2
Fall 2008
Lecturer:
Contact:
Ph 3532 4407
carl.johan.dalgaard@econ.ku.dk
Time and place:
Mondays, 9-12, Aud. 9 and
Wednesdays, 10-12, Aud. 5.
Sections (øvelser):
Wednesday, 13-16. Rasmus Landersø is the instructur. First set of exercises will be discussed on Sept.
3.
Readings:.
Sørensen og Whitta-Jacobsen, 2005. Introducing Advanced
Macroeconomics. McGraw-Hill. Chapters (2006 edition): 2-8 & 16.
!!!Download
list of Typo's for the book!!!.
In addition:
Lucas (1990) (Until Section III), Lecture notes, slides
etc. Cursory readings: Caselli and
Feyrer (2005)
Competition:
Send me an email - adress above - detailing the economic intuition behind
the following result from the open economy Solow model:
An open economy which is a lender (i.e., a creditor) in the international
capital markets will converge more slowly to the steady state compared to
the situation where the same economy (defined by its s, n etc) were closed.
Likewise an open economy, which is a net borrower (debitor) in the international
credit markets, will converge more rapidly to steady state compared to a
situation where the same economy (in terms of s, n etc) were closed to
international capital mobility (see p.33-34 on the slides for Open economy Solow
model for proof of the result).
Slides etc.
Introduction to
Economic Growth: Issues and Regularities
Capital Accumulation and Economic Growth - The Solow model.
Lecture note.
Growth and Human Capital Accumulation - The Augmented Solow model.
The Open Economy Solow Model
Endogenous Growth
Consumption
Limits to Growth?
Overview of Key messages in Macro 2.
Summaries
Summary 1: Facts and Issues
Summary 2: The Solow Model
Summary 3: The Augmented Solow
Model
Summary 4: Open economy Solow model
Summary 5: Endogenous Growth
Summary 6: Consumption
Summary 7: Limits to growth
Exercises
8.10 (13-15). From Ch. 8
Exercises 3 and 7 (answers
to 8.7.).
8.10 (8.30-10 - IN
AUD. 6, as usual): From Ch. 4:
Exercises 1, 2, 4 and 6, and from Chapter
8, ex. 3 and 7.
24.9.From Chapter
6: Execises 3 and 4.
Exercise 6, but only the analytical part. That is, consider the 3 alternatives (increasing investment rates etc), and discuss their
impact on the economy via Phasediagram analysis. Illustrate the evolution of y
in a graph with time on the horrisontal axis.
17.9. From Chapter 5:
Ex 3,5 and 9
10.9 From Chapter 3: ex. 5 (similar to ex. 4), ex. 6 (similar
to ex. 4), ex. 7 and ex. 11.
3.9. From Chapter 2: Ex. 1 and Ex 3.
From Chapter 3: Ex.2, Ex.4 (until,
"Now, consider": rest is voluntary)..
Opdateret 26. August 2008