One lecture session per week. Problem sets are due one week after the sessions they cover; see Assignments and Exams.
| Ses # | Topic | Required preparation / output |
|---|
| Part I · Neoclassical foundations |
| 1 | The Dynamic Household: Intertemporal Choice and Euler Equations | Euler equation derivation and transversality |
| 2 | Firms, Capital Accumulation, and Investment | Factor demands and Tobin's q |
| 3 | Solow and Ramsey Growth: Steady States and Transitional Dynamics | Steady state and phase diagram |
| 4 | Real Business Cycle Models and Competitive Equilibrium | RBC equilibrium conditions |
| Part II · Nominal rigidities and policy |
| 5 | Nominal Rigidities, Calvo Pricing, and the New Keynesian Phillips Curve | New Keynesian Phillips curve |
| 6 | The Three-Equation New Keynesian Model | Shock transmission and determinacy |
| 7 | Monetary Policy: Rules, Commitment, and the Effective Lower Bound | Rules, commitment, and lower bound |
| 8 | Fiscal Policy, Public Debt, and Monetary-Fiscal Interactions | Debt dynamics and multipliers |
| 9 | Open-Economy Macroeconomics and Exchange-Rate Dynamics | UIP and external adjustment |
| Part III · Solution and estimation |
| 10 | DSGE Solution Methods: Linearization, Perturbation, and QZ | Linearization, QZ, and BK conditions |
| 11 | DSGE Estimation: Likelihood, Bayesian Inference, and Model Evaluation | Likelihood, priors, and MCMC diagnostics |
| Part IV · Heterogeneous agents |
| 12 | Heterogeneous-Agent Macroeconomics and Incomplete Markets | Household problem and invariant distribution |
| 13 | HANK Models: Distribution Dynamics and Aggregate Transmission | HJB, KFE, and distributional transmission |
| Part V · Quantitative policy analysis |
| 14 | Quantitative Macro Policy Analysis, Validation, and Replication | Replication presentation and research design |