Předmět Makroekonomie (DXE_MAKR)

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Materiál	Typ	Datum	Počet stažení

Cíl

The course covers advanced topics from modern economic growth theory. It starts from empiricalmotivation and offers the first attempts of explaining the phenomena of growth, the neoclassical modelssuch as Solow-Swan and Ramsey (Solow, 1956; Ramsey, 1928). The course, then, confronts the inferencefrom these models with the data and identifies their weaknesses. It proceeds to models which have tried toalleviate those weaknesses.The first set of models which it covers focus on the efficiency growth of the human capital(human capital accumulation), Romer (1986) and Lucas (1988). Romer (1986) highlights the efficiencygrowth that stems from learning-by-doing (at the workplace) which is a pure externality in its framework.In turn, Lucas (1988) highlights the formal education process.The second set of models focus on R&D driven growth, Romer (1990), Grossman & Helpman(1991), Jones (1995), and Smulders & van de Klundert (1995). Romer (1990) and Jones (1995) havehorizontal innovations (i.e., introduction of new goods), while Grossman & Helpman (1991) and Smulders& van de Klundert (1995) have vertical innovations (i.e., quality upgrade of an existing good, productivityupgrade in the production of an existing good).

Osnova

Block 1. 05.03.2012 and 09.03.2012Brief introduction to growth theory; Solow-Swan and Ramsey neoclassical models; Romer (1986)endogenous growth model•Chapters 1, 2, 3, and 4 from Barro & Sala-i-Martin (2004)Block 2. 12.03.2012 and 23.03.2012Lucas (1988), Romer (1990), and Jones (1995) models•Chapters 5 and 6 from Barro & Sala-i-Martin (2004) for Lucas (1988) and Romer (1990)Block 3. 26.03.2012 and 02.04.2012Grossman & Helpman (1991) and Smulders & van de Klundert (1995) models•Chapter 7 from Barro & Sala-i-Martin (2004) for Grossman & Helpman (1991

Literatura

Main textbook: Barro, R., & Sala-i-Martin, X. (2004). Economic Growth, 2nd ed. MIT Press. or Barro, R., & Sala-i-Martin, X. (1995). Economic Growth, 1st ed. McGraw-Hill. Main articles: Grossman, G., M., & Helpman, E. (1991). Quality ladders in the theory

Požadavky

The students are expected to be familiar with modern macroeconomic theory and continuous timedynamic optimization algorithms (Hamiltonian).

Garant

prof. Ing. Antonín Slaný, CSc.

Vyučující

doc. Ing. Libor Žídek, Ph.D.Janina SocIng. Miroslav Hloušek, Ph.D.