Abstract: Topics change from year to year. Most recent topics include: optimal fiscal and monetary policy; optimal capital taxation; time inconsistency and incentive incompatibility of optimal policies; redistribution and political economics; heterogeneous agents and incomplete markets; Real Business Cycle models and new-keynesian models; endogenous growth; aggregate fluctuations and propagation mechanisms; recursive methods and robust control in macro.
Abstract: Surveys theories of regional growth, factor mobility, clustering, industrial restructuring, learning regions, and global supply chains from a political-economy perspective. Examines/critiques accounting frameworks including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts, infrastructure investments. Assesses price indices, industrial location and employment measures, and shift-share analyses. Discussions of US and foreign applications.
Abstract: Surveys theories of regional growth, factor mobility, clustering, industrial restructuring, learning regions, and global supply chains from a political-economy perspective. Examines/critiques accounting frameworks including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts, infrastructure investments. Assesses price indices, industrial location and employment measures, and shift-share analyses. Discussions of US and foreign applications.
Abstract: Surveys theories of regional growth, factor mobility, clustering, industrial restructuring, learning regions, and global supply chains from a political-economy perspective. Examines/critiques accounting frameworks including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts, infrastructure investments. Assesses price indices, industrial location and employment measures, and shift-share analyses. Discussions of US and foreign applications. In this course students examine and critique accounting frameworks, including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. They also assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of U.S. and foreign applications and their relation will be featured in the class.
Abstract: 15.014 focuses on using case studies to investigate the macroenvironment in which firms operate. The course is divided in five parts: Basic tools of macroeconomic management Evaluation of different economic development strategies Crises in emerging markets: causes, solutions, and prevention Problems faced by transition economies Challenges of developed countries This course is a full-term version of Applied Macro- and International Economics (15.012), with additional topics.
Abstract: Deterministic optimization: maximum principle, dynamic programming, calculus of variations, optimal control, dynamic games. Stochastic optimization: stochastic optimal control and dynamic programming, Markov processes, Ito calculus, Markov games. Applications. Dynamical systems: local and global analysis and chaos. The unifying theme of this course is best captured by the title of our main reference book: "Recursive Methods in Economic Dynamics". We start by covering deterministic and stochastic dynamic optimization using dynamic programming analysis. We then study the properties of the resulting dynamic systems. Finally, we will go over a recursive method for repeated games that has proven useful in contract theory and macroeconomics. We shall stress applications and examples of all these techniques throughout the course.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.
Abstract: Economics 100B - Spring 2007. A study of the factors which determine national income, employment, and price levels, with attention to the effects of monetary and fiscal policy.