Part IIB, Paper 2: Business Cycle Theory
Dr Mauricio Prado (jmp200@cam.ac.uk)
Lent Term 2011, weeks 5-8
Aim of the course
The purpose of this course is to introduce students to the main theories used by macroeconomists to explain
short-run fluctuations in
Econ 101 Summer 2012
Exam 2 Professor Kelly
Name: _
Section Day and Time: _
On this exam it is important that you show your work to get FULL
CREDIT.
On this exam you should write any verbal answer using standard
English grammar: that is, please write in c
True / False
_T_ 1. The usual objective of regression analysis is to predict estimate the value of one
variable when the value of another variable is known.
_T_ 2. Correlation analysis is concerned with measuring the strength of the relationship
between t
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 8: Institutions, Policies
and Long-Run Growth
Dr Tiago Cavalcanti
Readings & Refs:
Texts:
(*) Jones ch. 7,10
Articles:
(*) Acemoglu, D., J. Robinson, and S. Johnson (2001). The Colonial
Origin
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 7: Endogenous Growth
and Limits to Growth
Dr. Tiago Cavalcanti
Readings and Refs.
Texts: (*)Jones chs. 9
Articles:
Dasgupta and Heal (1974) The Optimal Depletion of
Exhaustible Resources Revie
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 6: R&D Models of
Economic Growth
Dr Tiago Cavalcanti
Readings and Refs.
Texts:
(*)Jones chs. 4&5
Articles:
Romer P. (1990) Endogenous technical change Journal of
Political Economy, 98, no.5, S
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 5: Technology and
Endogenous Growth
Dr Tiago Cavalcanti
Readings and References
Texts: (*)Jones chs. 4 & 8
Articles:
Arrow K. (1962) The Economic Implications of Learning by
Doing Review of Ec
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 4: Human Capital
Models of Economic Growth
Dr Tiago Cavalcanti
Readings and Refs
Texts:
*Jones chs. 3 & 8
Articles:
(*) Mankiw, Romer D. & Weil (1992) A contribution to the
empirics of economi
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 3: Empirical Evidence
for the Neo-Classical Model
Dr Tiago Cavalcanti
Readings and Refs
Texts:
Jones ch.3, (*)
Articles:
(*) Mankiw, Romer & Weil (1992) A contribution to the
empirics of econo
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Lecture 2: Neo-Classical
Growth Model
Dr. Tiago Cavalcanti
Readings and Refs
Main Text:
(*)Jones ch.2;
Advanced Texts: BX chs.1,10; Romer ch.1.
Original Articles:
Solow R. (1956) A contribution to the
Part IIB. Paper 2
Michaelmas Term 2010
Economic Growth
Dr. Tiago V. de V. Cavalcanti
tvdvc2@cam.ac.uk
Aims and Objectives
Aim:
Tools and Taste to analyse and identify
the sources of economic growth.
Objectives: at end of course, you should be
1. aware of
Mathematical Appendix of Lecture 4
Part IIB, Paper 2: Growth
Dr. Tiago Cavalcanti
Michaelmas 2010
1. Recall that the fundamental system of equations of the growth model with human
capital studied in lecture 4 is:
k (t) = sK k (t) h(t) ( + n + g )k (t), gi
Mathematical Appendix of Lecture 3
Part IIB, Paper 2: Growth
Dr. Tiago Cavalcanti
Michaelmas 2010
1. Recall that the fundamental equation of the capital stock in intensive form is:
k (t) = sk (t) ( + n + g )k (t), given k (0) > 0.
(1)
This is a non-linear
Part IIB Paper 2: Business Cycle Theory
LECTURE 4: Real Business Cycles
Mauricio Prado
University of Cambridge
11 March 2011
Mauricio Prado (University of Cambridge)
Part IIB P2 - Business Cycles - Lecture 4
11 Mar 2011
1 / 27
Outline of Lecture
Summary s
Part IIB Paper 2: Business Cycle Theory
LECTURE 3: Imperfect Information
Lucas Supply Curve
Mauricio Prado
University of Cambridge
4 Mar 2011
Mauricio Prado (University of Cambridge)
Part IIB P2 - Business Cycles - Lecture 3
4 Mar 2011
1 / 32
Outline of L
Part IIB Paper 2: Business Cycle Theory
LECTURE 2: New Keynesian Economics
Mauricio Prado
University of Cambridge
24 and 25 February 2011
Mauricio Prado (University of Cambridge)
Part IIB P2 - Business Cycles - Lecture 2
24 and 25 Feb 2011
1 / 41
Outline
Part IIB Paper 2: Business Cycle Theory
LECTURE 1: Stylised Facts About the Business Cycle
Mauricio Prado
University of Cambridge
18 February 2011
Mauricio Prado (University of Cambridge)
IIB P2 - Business Cycles - Lecture 1
18 Feb 2011
1 / 37
Course info
Economics 101
Summer 2013
Answers to Homework #2
Due Tuesday, June 4, 2013
Directions: The homework will be collected in a box before the lecture. Please place your name, TA
name and section number on top of the homework (legibly). Make sure you write you