Degree | Type | Year |
---|---|---|
4313805 Economic Analysis | OB | 1 |
You can view this information at the end of this document.
No specific prerequisits.
This module covers the second part of the core in modern microeconomics and macroeconomics. The topics seen in this module are the foundation to the models that are used in advanced microeconomics and macroeconomics. The section on microeconomics formally demonstrates, through advanced mathematical techniques, the existence of a general equilibrium and its properties, discussing the fundamental theorems of welfare economics. This section also discusses cases where classical assumptions fail and its consequences. The section on macroeconomics studies mathematical models of general equilibrium under uncertainty and their implications for asset evaluation. This section also provides the student with dynamic programming techniques; these techniques are the necessary tools for solving dynamic models.
I. Microeconomics II
1.Introduction to General Equilibrium
2.Equilibrium and its Basic Welfare Properties
3.The Positive Theory of Equilibrium
4.The Core and Equilibria
5.Market Power
6.Adverse Selection, Signaling and Screening
7.The Principal Agent Problem
II. Macroeconomics II
1. Asset pricing
2. OLG with money
3. Sidrauski model
4. Cash-in-Advance model
5. Kiyotaki-Wright search theory
6. Imperfect information: Lucas’ Islands model
7. New-Keynesian monetary model
8. Monetary and fiscal policy
III. Macroeconomics III
1. Introduction
2. The IM model
3. The general equilibrium of the IM model
4. Optimal income taxation
5. Optimal income taxation in IM economies
6. Models of the labor market
7. Heterogeneous firms
For a detailed description of the content of this module go to https://sites.google.com/view/idea-program/master-program .
Title | Hours | ECTS | Learning Outcomes |
---|---|---|---|
Type: Directed | |||
Theory classes | 112.5 | 4.5 | 1, 2, 8, 9, 10, 11, 13, 14, 15 |
Type: Supervised | |||
Problems sets, tutorials | 75 | 3 | 1, 2, 8, 9, 10, 11, 13, 14, 15 |
Type: Autonomous | |||
Personal study, study groups, textbook readings, article readings | 187.5 | 7.5 | 1, 2, 8, 9, 10, 11, 13, 14, 15 |
The course will consist of sessions where the instructor presents the material, and sessions specifically dedicated to problem solving. Students are encouraged to form study groups to discuss assignments and readings.
The proposed methodology may undergo some modifications according to the restrictions imposed by the health authorities on on-campus courses.
Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.
Title | Weighting | Hours | ECTS | Learning Outcomes |
---|---|---|---|---|
Class Attendance and Problem sets and assignments | 22% | 0 | 0 | 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 |
Exam Part I | 26% | 0 | 0 | 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 |
Exam Part II | 26% | 0 | 0 | 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 |
Exam Part III | 26% | 0 | 0 | 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 |
This modul does not contemplate an evaluation from a single comprehensive exam
Exam Part I |
26% |
Exam Part II |
26% |
Exam Part III |
26% |
Problem sets, assignments & Class attendance and active participation |
22% |
The proposed evaluation activities may undergo some changes according to the restrictions imposed by the health authorities on on-campus courses.
Microeconomics II:
Mas-Colell, A, M. Whinston and J. Green, Microeconomic Theory, Oxford University Press
Macroeconomics II:
Blanchard, O. and Fischer, S., Lectures on Macroeconomics
Walsh, C, Monetary Theory and Policy by (W), MIT Press
Macroeconomics III:
Ljungqvist, L. and T. Sargent, Recursive Macroeconomic Theory, MIT Press
Stokey, N. L., and R. E. Lucas, Recursive Methods in Economic Dynamics, Harvard University Press
Additional references will be provided during the course.
Name | Group | Language | Semester | Turn |
---|---|---|---|---|
(PLABm) Practical laboratories (master) | 30 | English | second semester | morning-mixed |
(TEm) Theory (master) | 30 | English | second semester | morning-mixed |