Lecture Notes in Macroeconomics
Chapter drafts, under running updating.
Christian Groth, Department of Economics, University of Copenhagen.
Watch for typos and many other early-draft problems!
I very much welcome comments and suggestions of any kind relating to these chapter drafts. Please, let me know of errors, confusions, and limitations in the material.
List of contents
Version 1/10-2017
I. The field and basic categories
Chapter 1 Introduction
Chapter 2 Review of technology and firms Chapters 1-2 Version 1/10-17
II. Looking at the long run
Chapter 3
The
basic OLG model: Diamond
Chapter 4
A growing economy
Chapters 3-4 Version
1/10-17
Chapter 5
Applying and extending
the Diamond model Version 1/10-17
Chapter 6 Long-run aspects of fiscal policy and public debt Version 6/9-2016
Chapter 7 Bequests and the modified golden rule Version 13/9-16
Chapter 8 Optimal capital accumulation Version 15/11-2017
Chapter 9 The intertemporal consumption-saving problem in discrete and continuous time Version 14/9-2016
Chapter 10 The basic representative agent model: Ramsey Version 29/9-2016
Chapter 11 The Ramsey model in use Version 2/10-2016
Chapter 12 OLG models in continuous time Version 22/9-2016
Chapter 13 General equilibrium analysis of public and foreign debt Version 4/10-2016
III. Modeling fixed capital investment
Chapter 14 Fixed capital investment and Tobin's q Version 20/11-2017
Chapter 15 Further applications of adjustment cost theory Version 16/11-2017
IV. Modeling money
Chapter 16 Money in macroeconomics Version 7/11-2016
Chapter 17 Inflation and capital accumulation: The Sidrauski model Version 28/7-2016
Chapter 18 Wider perspectives on monetary economies Version 26/11-09, partly updated 2/10-2014
V. Looking at the short run
Chapter 19 The theory of effective demand Version 9/11-2016
Chapter 20 General equilibrium under monopolistic competition Version 30/6-2015
Chapter 21 The IS-LM model Version 14/11-2016
Chapter 22 IS-LM dynamics with forward-looking expectations Version 14/11-2016
Chapter 23 The open economy and alternative exchange rate regimes Version 17/11-2016
Chapter 24 A closer look at the labor market
VI. Uncertainty and expectations
Chapter 25 Uncertainty, rational expectations, and staggered wage setting Version 18/12 2017
Chapter 26 Forward-looking expectations and asset price bubbles Version 18/12 2017
Chapter 27 Applications to New Classical and Keynesian models
Chapter 28 On asset price bubbles in general equilibrium
VII. Fitting the parts together: The medium run
Chapter 29 Business cycle fluctuations Version 30/11 2016
Chapter 30 The real business cycle theory Version 30/11 2016
Chapter 31 Keynesian perspectives on business cycles Version 9/2 2017
Chapter 32 A new-Keynesian workhorse model
Chapter 33 Credit and business cycles
Chapter 34 Issues in monetary and fiscal policy
Chapter 35 Outlook/New developments
VIII. Supplements
Chapter 36 Hints and solutions for selected exercise problems
Chapter 37 Math tools