ECON7020: MACROECONOMIC THEORY I
Martin Boileau
II. TWO-PERIOD ECONOMIES: A REVIEW
1. Introduction
These notes briey review two-period economies. This includes the consumer's problem,
the producer's problem, and general equilibrium. In what follows, I bor
Chapter 3
Dynamic optimization and utility
functions
This chapter oers a brief account of one of the leading approaches to solving dynamic
optimization problems and how the so called Euler equation can be derived. We will apply
the Lagrange multiplier met
International Macroeconomics
MEF 2007/2008
Saverio Simonelli
Some information
E-mail: [email protected]
Course webpage:
http:/wpage.unina.it/savsimon/teaching/Internationalmacro/international-macro.htm
Textbook:
Maurice Obstfeld and Kenneth Rogoff, Fou
A Brief Review of Modern Macroeconomic
Framework
Ke Pang
Wilfrid Laurier University
Ke Pang (WLU)
Modern Macroeconomic Framework
EC640
1/6
Traditional Keynesian approach to macroeconomics is based on ad
hoc (stylized) assumptions about the relations betwe
EC640 Fall 2011
Ke Pang
Problem Set #2 - Part 2
Due: Monday, October 17 in class
Be sure to show your work and the reasoning used to obtain your answer.
1. Consider the following overlapping generations economy. Nt young agents (generation t) are
born in
EC640 Fall 2011
Ke Pang
Problem Set #2 - Part 1
Due: Monday, October 17 in class
Be sure to show your work and the reasoning used to obtain your answer.
1. Consider the following closed economy. The representative agent maximizes her utility
M AX
cfw_c1 ,