ECON5020 MACROECONOMIC THEORY I
This course covers state-of-art core materials in dynamic macroeconomics at the entry graduate level. It is the first course of a sequence of two courses on macroeconomic theory for M.Phil and PhD students. The course is separated into two parts. In the first part of the course, essential mathematical tools for solving dynamic systems are introduced, including dynamic programming (for discrete time problems) and optimal control theory (for continuous time systems). In the second part of the course, work-horse macroeconomic models are covered including (but not limited to) neoclassical growth model, overlapping-generations model (OLG), and asset pricing model under complete markets.