Intermediate Macroeconomics Theory, Summer 2023

ECON 4002.01, The Ohio State University, Summer 2023

Syllabus: pdf version

Syllabus: html version

Table of Content

• Grade
• Course Schedule
• Lecture Notes
• Problem Sets

Grade

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Course Schedule

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Lecture Notes

• Note on Julia
• Julia Syntax and Algorithm
• Review for Math
• Lecture 1: Introduction
  • Lucas critique:
    • Wiki: Lucas critique
  • Friedman critique:
    • Wiki: the methodology of positive economics
    • The methodology of positive economics
• Lecture 2: Economic Aggregates
  • Chain-weighing: The New Approach to Measuring GDP (Current Issues in Economics and Finance)
  • Answering Question: The Long-Run Effects of Federal Budget Deficitson National Saving and Private Domestic Investment
• Lecture 3: Business Cycle Measurement
  • Answering Question: What’s the difference between correlation and beta in finance
    • Correlation vs Beta: What is the difference and why does it matter?
    • The concept of beta comes from the Capital Asset Pricing Model (CAPM), and this is a good review paper about it: The Capital Asset Pricing Model
• Lecture 4: Representative Consumer, Preference and Constraints
• Lecture 5: Representative Consumer, Optimization and Application
• Lecture 6: Numerical Example
• Lecture 7: Representative Firm
• Lecture 8: Competitive Equilibrium, One-Period Model
• Lecture 9: Social Planner’s Problem
• Lecture 10: Examples on Competitive Equilibrium and Social Planner’s Problem
• Lecture 11: Distorting Taxes and the Welfare Theorems
• Lecture 12: Two-Period Consumer Problem
  • Income taxes in Canada and the United States
• Lecture 13: Competitive Equilibrium, Two-Period Model
• Lecture 14: The Real Business Cycle Model Part 1: Consumer
• Lecture 15: The Real Business Cycle Model Part 2: Firm
• Lecture 16: The Real Business Cycle Model Part 3: Competitive Equilibrium
• Lecture 17: The Real Business Cycle Model Part 4: Formal Examples
  • The Fed Is In the Red. Here’s Why. | WSJ
• Lecture 18: The Real Business Cycle Model Part 5: Application and Matching Data
• Introduction to Dynamic Programming
• Asset Pricing in Endowment Economy
• Asset Pricing in Production Economy

Problem Sets

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