MACROECONOMICS
Partha Chatterjee
20 August 2010
Macroeconomics

This lecture began with an introduction to macroeconomics, as the study of the aggregate performance of the economy. More specifically, macroeconomics examines the growth and fluctuations of broad national aggregates.

Professor Chatterjee then discussed the basic macroeconomic model.

This was followed by a discussion of the Solow Growth Model, including dynamic efficiency, government’s role in the Solow model, and technology shocks.

Growth accounting was then canvassed, followed by a discussion of human capital.

Next the Neoclassical Growth Model was introduced, including the Ramsay Problem and Competitive Equilibrium.

Finally, Real Business Cycles were discussed.