LECON2161 Advanced macroeconomics III

The course is divided into two parts.

Part 1 introduces the students to the basics of overlapping generations model: the competitive equilibrium, the planner allocation, decentralization a planner allocation, the second best problem

Part 2 presents key models to understand the growth process. It includes Malthusian models, Solow's model, from Malthus to Solow, Models with human capital, Unified growth theory

Main references:
De la Croix, David, and Philippe Michel, "A theory of economic growth - Dynamics and policy in overlapping generations", Cambridge University Press, 2002
De la Croix, David, "Fertility, Education, Growth, and Sustainability", Cambridge University Press, 2013
Galor, Oded, "Unified Growth Theory", Princeton University Press, 2011