Economics 303: Advanced Macroeconomics I
Fall 2006

George Hall

Announcements (Date Posted)

• Welcome to the homepage for Economics 303. You may want to bookmark this page for future reference. (8/30/2006)
  
• The midterm exam will be Friday, October 20 in class. (9/26/2006)
  
• The midterm exam will be administered in Sachar 130. (10/12/2006)
  
• The final exam will be Friday, December 8, from 9:15 AM - 12:15 PM (11/27/06)
  

Course Materials

Syllabus and Other Course Materials

• Syllabus
  
• Lecture 1 Handout
  
• Lecture notes on Markov chains
  
• Lecture notes on the Solow model
  
• Lecture notes on inter-temporal choice(some typos corrected (9/15/2006))
  
• Lecture notes on stochastic dynamic programming
  
• Lecture notes on consumption theory.
  
• Lecture notes on solving the RBC model via a LQ approximation.
  
• Some thoughts on calibration.
  
• Impulse responses for the Hansen (1985) model.
  
• Impulse response for the Burnside, Eichenbaum and Rebelo model.
  
• A few practice problems for the midterm.
  
• A few practice problems for the final exam.
  

Problem Sets

• Problem Set 1 Due in class, Tuesday, September 12
  
• Problem Set 2 Due in class, Friday, September 22
  
• Problem Set 3 Due in class, Tuesday, September 26
  
• Problem Set 4 Due in class, Friday, October 6
  
• Problem Set 5 Due in class, Friday, October 13
  
• Problem Set 6 Due in class, Friday, October 27
  
• Problem Set 7 Due in class, Friday, November 3
  
• Problem Set 8 Due in class, Friday, November 10
  
• Problem Set 9 Due in class, Friday, November 17
  
• Problem Set 10 Due in class, Tuesday, November 28
  
• Problem Set 11 Due in class, Tuesday, December 5
  

Computer Programs

• lecture1_graphs.m A Matlab script file which produces the data graphs discussed in the first lecture.
  
  • GDPC1.DAT Real GDP data file from the St. Louis Fed's FRED database.
    
  • INDPRO.DAT Industrial production data file from the St. Louis Fed's database.
    
• hptrend.m A Matlab function written by Ellen McGrattan to implement the Hodrick-Prescott filter.
  
  • pentle.m A Matlab subroutine called by hptrend.m .
    
  • trile.m A Matlab subroutine called by hptrend.m.
    
• ar1_simulation.m A Matlab script file that simulates a simple AR(1) process.
  
• solow.m A Matlab script file that simulates a discrete-time version of the Solow (1956) model.
  
• det_dp.m A Matlab script file that solves the Brock-Mirman deterministic growth model by value function interation.
  
• stoch_vfi.m A Matlab script file that solves a stochstic growth model by value function interation.
  
• markov.m A Matlab function that simulates a Markov chain. I got this code from Tom Sargent.
  
• stoch_pi.m A Matlab script file that solves a stochstic growth model by policy function interation (Howard's Improvement Algorithm).
  
• consumption.m A Matlab script file which produces the data graphs discussed in the consumption lecture.
  
  • DSPIC96.DAT Real disposable income data file from the St. Louis Fed's FRED database.
    
  • PCEC96.DAT Real personal income expenditure data file from the St. Louis Fed's database.
    
• consav.m A Matlab script file which solves a simple consumption/saving problem.
  
• Matlab code that solves Hansen's divisible labor model and Burnside, Eichenbaum, and Rebelo's labor hording model.
  
• ayse.m Matlab code that replicates Ayse Imrohoroglu's (1992) JEDC paper.
  
• smodel4.m Matlab code that solves a Huggett (1993) JEDC -style model.
  
• smodel2.m Matlab code that solves an Aiyagari (1994) QJE -style model.
  
• mp.m Matlab code that solves a Mortensen-Pissarides-style model.