14.451 | Spring 2007 | Graduate

Macroeconomic Theory I

Lecture Notes

notes_ch_3.pdf

Description:

This resource contains lecture notes on The Neoclassical Growth Model. Topics include: The Social Planner, Preferences, Technology and the Resource Constraint, The Ramsey Problem, Optimal Control, Dynamic Programing, Decentralized Competitive Equilibrium, Market Clearing, General Equilibrium, Steady State, Transitional Dynamics, Exogenous labor and CEI, Continuous Time and Phase Diagram, Comparative Statics and Impulse Responses, Additive Endowment, Taxation and Redistribution, Productivity Shocks: A prelude to RBC, Government Spending, Distortionary Taxation, Beyond Growth, The Phase Diagram with Endogenous Labor Supply, Impulse Responses Revisited, and The RBC Propagation Mechanism, and Beyond.

Resource Type:
Lecture Notes

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Spring 2007
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Lecture Notes