TrainingsDE 2ème/3ème cycleDESU Magistère Ingénieur EconomisteCoursesGrowth and fluctuations

DESU Magistère Ingénieur EconomisteUE Growth and fluctuations

Responsables
  • Carine NOURRY
    Address of Carine NOURRY
  • Thomas SEEGMULLER
    Address of Thomas SEEGMULLER
Informations

Content

This course introduces the main models and tools used in the recent analysis of macro-dynamics, with applications to public intervention, inequalities and asset price valuation.

Course overview :

Part 1 : The Ramsey model

  • Chapter 1 : The model with a representative agent : uniqueness, convergence and optimality
  • Chapter 2 : The Ramsey model with many agents : Wealth distribution

Part 2 : The overlapping generations’ model

  • Chapter 1 : The basic model
  • Chapter 2 : Steady states and dynamics
  • Chapter 3 : Optimality and efficiency
  • Chapter 4 : Pension system, public spending and debt
  • Chapter 5 : Existence of bubbles

Professional skills

To know and to be able to use the tools of macro-dynamic analysis, and to apply them to current economic problems.

Language used

Main language used by this course: Anglais et Français.

Bibliography

  • Azariadis, C. (1993), Intertemporal Macroeconomics, Blackwell.
  • Hairault, J.-O. (2000), Analyse Macroéconomique, La Découverte.
  • De la Croix, D. and P. Michel (2002), A Theory of Economic Growth, Dynamics and Policy in Overlapping Generations, Cambridge University Press.

Recommended prerequisites

Advanced Macroeconomics

Methodology

Structure and organisation

Lectures with a written examination.

THE TRAININGS WHICH USE THIS COURSE