Unformatted text preview: (McGraw-Hill Irwin: New York). Ljungqvist, Lars and Thomas J. Sargent, (2004), Recursive Macroeconomic Theory (MIT Press: Cambridge). Notes: The material presented in class will be available in the form of Powerpoint slides on the class website. Grading: There will be two exams, each contributing 35% of your grade. The remaining 30% will be based on homework. Assignments: You will be assigned weekly homeworks each Wednesday, which are due on the following Wednesday. You may discuss how to solve these problems with other students and, indeed, are encouraged to do so. Topic Outline: I. Real Business Cycle Theory II. Recursive Methods III. Search Models of Unemployment IV. Complete Markets Equilibria V. Asset Pricing VI. Fiscal Policy VII. Incomplete Markets...
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- Spring '10
- Macroeconomics, Keynesian economics, Recursive Macroeconomic Theory, James Feigenbaum B620, Theory Recursive Methods