- Schedule of Classes - June 25, 2020 7:14PM EDT
- Course Catalog - June 25, 2020 7:15PM EDT
Course information provided by the Courses of Study 2019-2020.
This is an advanced study course in Industry Dynamics. Much improvement has been made in the study of aggregate productivity, investment, and aggregate output dynamics by understanding the micro structure of the economy. This course introduces the main tools exploited in the literature to study these macroeconomic problems and discusses the research frontier. The course opens up with a theory of entrepreneurship and occupational choice. Then it describes firms growth and its impact on industry equilibrium. It introduces techniques for computation of productivity and marginal products at the firm level and its implications for cross-country disparities in income per capital and the life cycle of firms. Next, we analyze economies consistent with industry equilibrium and endogenous long-run growth. For that, we build basic notions on stochastic calculus which are used at the frontier of research. Finally, we study industry equilibrium in open economies and in economies with incomplete markets. The course closes with a normative analysis of industry equilibrium allocations. The course is designed to encourage avenues for novel research.
When Offered Spring.
Regular Academic Session.
Credits and Grading Basis
4 Credits Stdnt Opt(Letter or S/U grades)
Class Number & Section Details
- WUris Hall 488
- Jan 21 - May 5, 2020
Instruction Mode: Hybrid - Online & In Person
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