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CEA CAPA Partner Institution: Universidad Carlos III de Madrid
Location: Madrid, Spain
Primary Subject Area: Economics
Instruction in: English
Course Code: 13446
Transcript Source: Partner Institution
Course Details: Level 300, 400
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: Mathematics for Economics I and II, Macroeconomics, Dynamic Macroeconomics.
DESCRIPTION
This course develops the microeconomic foundations of macroeconomic theory and expands students' analytic skills by constructing and solving dynamic macroeconomic models. The main topics that the course are economic growth, economic policy, public debt and international macro. The course provides an advanced training in modern macroeconomic theory. The stylized facts on Economic Growth. The Solow model. The Ramsey Model of Economic Growth: A Macroeconomic dynamic framework in continuous time. The Planners Problem. The Competitive Equilibrium. Government Expenditure in the Ramsey model. The Effects of Taxation on economic growth. Public Debt: Ricardian Equivalence Hypothesis. Endogenous Economic Growth Theories. International Macro: A basic intertemporal model.
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