Syllabus Fall 2009

Syllabus Fall 2009 - Department of Economics Rutgers...

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Department of Economics Roberto Chang Rutgers University 307 NJ Hall Fall 2009 (732) 932 7269 Office Hours: Thu 11-12 Or By Appointment ECONOMICS 504 MACROECONOMIC THEORY This course is the first part of an integrated two semester sequence in macroeconomics. The sequence aims at introducing you to a broad range of issues in macroeconomics at an advanced level, and at building the necessary tools for doing research. In this course you will become acquainted with the dynamic models that dominate research in the field. We will emphasize methods and basic approaches to modeling business cycle phenomena. Through problem solving and computer projects, you will acquire hands on experience and the ability to start formulating and solving models of your own. I have requested the following books to be available at the bookstore: 1. D. DeJong and C. Dave, Structural Macroeconometrics, Princeton University Press, 2007 (henceforth DD). A very recent and useful exposition of current approaches to dynamic macro models. 2. George McCandless, The ABCs of RBCs, Harvard University Press, 2008 (henceforth ABCs). As the title promises, it emphasizes the how-to, step by step. 3. F. Canova, Methods for Applied Macroeconomic Research, Princeton, 2007, henceforth C. Covers the same ground as DeJong and Dave but somewhat more rigorously (which makes it harder to read). 4. R. Farmer, The Macroeconomics of Self Fulfilling Prophecies, 2 nd Edition, MIT Press, 1999, henceforth F. Includes an accessible presentation of some technical material 5. L. Ljungvist and T. Sargent,
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Syllabus Fall 2009 - Department of Economics Rutgers...

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