Titulación | Tipo | Curso | Semestre |
---|---|---|---|
4313805 Análisis Económico / Economic Analysis | OB | 1 | 2 |
Sin prerequisitos específicos.
Este módulo revisa la segunda parte de los conocimientos centrales en microeconomía y macroeconomía.
Microeconomics II
FIRST PART: COMPETITIVE GENERAL EQUILIBRIUM THEORY
1. Introduction
2. Welfare Properties of Competitive Equilibrium
3. The Positive Theory of Equilibrium: Existence, Uniqueness and Stability
4. The Core
SECOND PART: MARKET FAILURES
5. Market Power: Monopoly, Oligopoly, Monopolistic Competition, Product Differentiation, Collusion
6. Hidden information: Adverse Selection, Signaling and Screening
7. Hidden Action: The Principal-Agent Model
Macroeconomics II
1. Asset pricing (L-S 2004 chapter 13).
2. OLG with money (B-F 4.1-4.2)
3. Sidrauski model
a. A canonical MIU model (W 2.1-2.3)
b. Dynamics and solution of the model (W 2.5,2.7 -- B-F 5.Appendix)
c. Bubbles and hyperinflations (BF 5.1-5.3)
4. Cash-in-Advance model (W 3.3)
5. Kiyotaki-Wright search theory (W 3.4.2)
6. Imperfect information: Lucas’ Islands model
7. New-Keynesian monetary model (W 5 -- B-F 8)
8. Monetary and fiscal policy (BF 11 -- LS 24.2.2-24.6)
Macroeconomics III
1. Introduction to the course. The NMG with heterogeneous agents: the case of efficient economies and perfect aggregation. Efficient allocations and the Negishi approach.
2. A motivation for the interest in the IM model. A theoretical decision problem with idiosyncratic uncertainty and IM. The recursive formulation and properties of decision rules. A notion of constrained efficiency.
3. Transition functions and associated operators. The general equilibrium of the IM model. The case of endogenous labor: labor income risk becomes endogenous.
4. Constrained efficiency under IM a la DHKRR. Optimal income taxation with commitment (Chamley/Judd).
5. The primal approach to optimal policy. Revisiting optimal income taxation in IM economies.
6. The indivisible labor model. Models of the labor market: basic search and matching. Aiyagari and Huggett meet Mortensen and Pissarides.
7. Heterogeneous firms: the Lucas model of the “span of control”. An application to assess the effects of size dependent policies.
• Theory classes
• Practice classes
• Learning based on problem solving
• Tutorials
• Personal study
• Study groups
• Textbook reading
• Article reading
Título | Horas | ECTS | Resultados de aprendizaje |
---|---|---|---|
Tipo: Dirigidas | |||
Clases de teoría | 112,5 | 4,5 | 2, 1, 3, 4, 5, 8, 7, 6, 9 |
Tipo: Supervisadas | |||
Listas de problemas, tutorias | 75 | 3 | 2, 1, 3, 4, 5, 8, 7, 6, 9 |
Tipo: Autónomas | |||
Estudio personal, estudio en grupos, lecturas de textos de manuales de referencia y de artículos científicos | 187,5 | 7,5 | 2, 1, 3, 4, 5, 8, 7, 6, 9 |
Exámenes Finales |
50% |
Asistencia a clase y participación activa |
20% |
Listas de problemas i ejercicios |
30% |
Un módulo consiste en diferentes cursos los cuales se avaluan con un examen final, listes de problemas y otros ejercicios y actividades como la asistencia a clase, presentaciones, etc.
Título | Peso | Horas | ECTS | Resultados de aprendizaje |
---|---|---|---|---|
Asistencia a clase, listas de problemas y ejercicios | 50% | 0 | 0 | 2, 1, 3, 4, 5, 8, 7, 6, 9 |
Examen Final | 50% | 0 | 0 | 2, 1, 3, 4, 5, 8, 7, 6, 9 |
Ljungqvist, L., and T. Sargent (2018): Recursive Macroeconomic Theory, MIT press.
Stokey, N. L., and R. E. Lucas (1989): Recursive Methods in Economic Dynamics, Harvard University Press.
Recursive Macroeconomic Theory by Lars Ljungqvist and Thomas Sargent (LS), MIT Press (2004).
Monetary Theory and Policy by Carl Walsh (W), MIT Press (2003).
Lectures on Macroeconomics by Olivier Blanchard and Stanley Fischer (B-F)
Mas-Colell, A, M. Whinston and J. Green "Microeconomic Theory", Oxford University Press, 1995