Advanced Macroeconomics II (QEM)

See semester study programme.

This course builds on Advanced Macroeconomics course and deepens understanding of macroeconomic phenomena and macroeconomics policy. In this course students should learn how departing from a standard frictinless representative agent models towards models with heterogeneous agents, financial frictions, open economy and asymmetric information enriches our understanding of the macroeconomy. Additionally, students would learn new techniques of solving macroeconomic models. It aims at teaching students economic issues and economic models on the advanced level. Expanding skills in approaching macroeconomic problems with macroeconomic tools. It challenges many economic issues developed by standard models with frictionless representative agent economy.

Literatura podstawowa:

Ljungqvist, L. and T. J. Sargent (2004), Recursive macroeconomic theory, 2nd Edition, MIT Press; Wickens, M. (2008), Macroeconomic Theory. A Dynamic General Equilibrium Approach. Princeton University Press.

Literatura uzupełniająca:

Published and unpublished research articles.

Evaluation criteria

Traditional Written Exam (Written exam with open-ended questions): 70.00%

Other (Homework assignments and classroom activity.): 30.00%

The threshold percentage of absences (excluding lectures)

defined as the proportion of class hours beyond which the achievement of learning outcomes is deemed unattainable: 50%

See semester study programme.

This course builds on Advanced Macroeconomics course and deepens understanding of macroeconomic phenomena and macroeconomics policy. In this course students should learn how departing from a standard frictinless representative agent models towards models with heterogeneous agents, financial frictions, open economy and asymmetric information enriches our understanding of the macroeconomy. Additionally, students would learn new techniques of solving macroeconomic models. It aims at teaching students economic issues and economic models on the advanced level. Expanding skills in approaching macroeconomic problems with macroeconomic tools. It challenges many economic issues developed by standard models with frictionless representative agent economy.

Literatura podstawowa:

Ljungqvist, L. and T. J. Sargent (2004), Recursive macroeconomic theory, 2nd Edition, MIT Press; Wickens, M. (2008), Macroeconomic Theory. A Dynamic General Equilibrium Approach. Princeton University Press.

Literatura uzupełniająca:

Published and unpublished research articles.

Evaluation criteria

Traditional Written Exam (Written exam with open-ended questions): 70.00%

Other (Homework assignments and classroom activity.): 30.00%

The threshold percentage of absences (excluding lectures)

defined as the proportion of class hours beyond which the achievement of learning outcomes is deemed unattainable: 50%

See semester study programme.

This course builds on Advanced Macroeconomics course and deepens understanding of macroeconomic phenomena and macroeconomics policy. In this course students should learn how departing from a standard frictinless representative agent models towards models with heterogeneous agents, financial frictions, open economy and asymmetric information enriches our understanding of the macroeconomy. Additionally, students would learn new techniques of solving macroeconomic models. It aims at teaching students economic issues and economic models on the advanced level. Expanding skills in approaching macroeconomic problems with macroeconomic tools. It challenges many economic issues developed by standard models with frictionless representative agent economy.

Literatura podstawowa:

Ljungqvist, L. and T. J. Sargent (2004), Recursive macroeconomic theory, 2nd Edition, MIT Press; Wickens, M. (2008), Macroeconomic Theory. A Dynamic General Equilibrium Approach. Princeton University Press.

Literatura uzupełniająca:

Published and unpublished research articles.

See semester study programme.

This course builds on Advanced Macroeconomics course and deepens understanding of macroeconomic phenomena and macroeconomics policy. In this course students should learn how departing from a standard frictinless representative agent models towards models with heterogeneous agents, financial frictions, open economy and asymmetric information enriches our understanding of the macroeconomy. Additionally, students would learn new techniques of solving macroeconomic models. It aims at teaching students economic issues and economic models on the advanced level. Expanding skills in approaching macroeconomic problems with macroeconomic tools. It challenges many economic issues developed by standard models with frictionless representative agent economy.

Literatura podstawowa:

Ljungqvist, L. and T. J. Sargent (2004), Recursive macroeconomic theory, 2nd Edition, MIT Press; Wickens, M. (2008), Macroeconomic Theory. A Dynamic General Equilibrium Approach. Princeton University Press.

Literatura uzupełniająca:

Published and unpublished research articles.