|Program||Master/Doctorate [석/박사과정]||Course Type||Elective(Graduate) [ 선택(석/박사) ]|
|Course Code||42.881||Course No||MSB881|
|Course Title||Advanced Special TopicsⅠin Business and Technology Management<Macroeconomic Theory> [ 고급 기술경영 특수논제Ⅰ<거시경제이론> ]|
Mon: 14:30~16:00 / (N22)Alumni Venture Bldg. [ (N22)동문창업관 ] (101)
Wed: 14:30~16:00 / (N22)Alumni Venture Bldg. [ (N22)동문창업관 ] (101)
|Department||기술경영학부(School of Business and Technology Management)|
|Syllabus File||MSB881 Macroeconomic Theory-2017 Fall.pdf|
|Summary of Lecture||This course introduces the workhorse models in modern macroeconomic theory. We start from the Solow model and then move onto the neoclassical growth models and endogenous growth models. We will also briefly overview the optimal control theory and dynamic programming and how neoclassical growth models are used in the finance literature. Lastly, some advanced papers will be discussed to help students learn how the workhorse models covered in class are used in the latest research, which addresses questions such as “Will technological progress save Earth from environmental problems?, ” “How much the women’s labor participation has contributed to economic growth?,” “What will be the impact of machines on the labor markets,?” “What is the macroeconomic-impact of microfinance?” etc. Successful completion of this course should allow students to (1) read and critique theoretical papers in macroeconomics and finance, and (2) be prepared to build an applied theoretical model of your own. The course will be self-contained, so students who have not had any prior exposure to macroeconomics should be able to complete the course successfully.|
|Material for Teaching||There is no required textbook, but the following textbooks can be a good reference.
Acemoglu, D. Introduction to Modern Economic Growth. Princeton University Press, 2009
Stokey, Nancy L., and Lucas, Robert E. Jr. Recursive Methods in Economic Dynamics. Harvard University Press, 1989.
Ljungqvist, Lars, and Thomas J. Sargent. Recursive macroeconomic theory. MIT press, 2012.
Barro, R. J., and X. Sala-i-Martin. Economic Growth. New York, NY: McGraw-Hill, 1995.
|Evaluation Criteria||Grading will be based on 5 assignments (50%), class presentation (20%), class participation (5%), and the final exam (25%).|
|Lecture Schedule||See the syllabus|