University of Toronto

Department of Economics

ECO 2061H

Economic Theory – Macroeconomics (MA)

Winter 2012

Tasso Adamopoulos


Course Outline [html]


Announcements

 

April 5, 2012

 

I have posted the answers to Assignment 3 below.

 

 

April 3, 2012

 

Final Exam Material

 

You are responsible for the following material for the final exam:

·           All the material before the midterm (see Announcement below dated Feb. 21, 2012).

·           Ch.3: “Learning by Doing Model” (pp.121-123). Note: this is just Question 2, Practice Set 3.

·           Dynamic Programming: see the notes below for the general setup + applications in class on optimal growth and neoclassical growth model.

·           Ch.5: Sections 5.1-5.5 (pp.189-207).

·           Ch.6, Section 6.9  (pp.292-301).

·           Ch.11: Section 11.7 (pp.554- top of 560).

·           Ch.2: Part B: from p.77 to top of p. 84 + pp.92-93.

 

From the papers on the course outline you are responsible only for the material I covered in class and the material on your assignments.

 

You are also responsible for the 3 assignments, the 6 sets of practice questions, and the sample exams.

 

 

April 3, 2012

 

I have the key to the sample final below.

 

 

April 2, 2012

 

I have posted a sample final exam.

 

 

April 2, 2012

 

I have posted Practice Exercises - Set 6 as well as their solutions. These will be taken up in Thursday’s tutorial by Leandro.

 

 

March 27, 2012

 

I have posted Assignment 3 below. This is due in the last class (tutorial) on Thursday, April 5.

 

 

March 24, 2012

 

I have posted the answers to:

·        Practice Exercises – Set 5

·        Assignment 2

 

March 19, 2012

 

I have posted Practice Exercises – Set 5 below. These will be taken up by Leandro in this Thursday’s tutorial.

 

March 13, 2012

 

I have posted below the notes on Dynamic Programming that I went over in class.

 

March 13, 2012

 

I have posted the answers to Problem Set 4.

 

March 12, 2012

 

Midterm Marks

 

I have posted your midterm marks on the University of Toronto Learning Portal (blackboard). The grade is out of 100. You can pick up your exam paper from the TA, Leandro, during his office hours on Wednesday.

 

March 6, 2012

 

I have posted Assignment 2 below. This is due March 20, by 9 a.m. in class.

 

March 6, 2012

 

I have posted Practice Exercises – Set 4 below. These will be taken up by Leandro in this Thursday’s tutorial.

 

February 21, 2012

 

Midterm Location

 

As I have announced in class our midterm will take place in a location other than our usual Thursday classroom. Here are the details.

 

Date: Thursday, March 1, 2012.

Time: 9am-11am.

Location: UC 266 (University College)

 

 

February 21, 2012

 

Midterm Material

 

You are responsible for all of Ch.1 and Ch.2A in Romer, EXCEPT for the following sections:

·           Section 1.8 from Ch.1 (“Economic Growth and the Environment”).

·           Ch.2, “Rate of Adjustment …”, and “Speed of Adjustment”.

 

In addition the material includes:

§  the class notes on Optimal Control and use of Hamiltonians (Note: you need the Hamiltonian for the optimal growth problem).

§  the AK model

§  discrete time version of the neoclassical growth model

 

You are also responsible for the assignment, and the three sets of practice questions.

 

From the papers on the course outline you are responsible for all the material I covered in class and the material on your assignments/practice questions.

 

 

February 21, 2012

 

I have posted a sample test and solutions below.

 

February 17, 2012

 

I have posted the answers to Practice Exercises – Sets 2 & 3 below.

 

February 13, 2012

 

I have posted Practice Exercises – Set 3 below. In this Thursday’s tutorial Leandro will take up exercises from Practice Set 3 and Practice Set 2.

 

February 13, 2012

 

I have posted the solutions to Assignment 1.

 

January 31, 2012

 

I have posted below Practice Exercises – Set 2. These are on the RCK model. Given that we have not completed the discussion on the dynamics of the RCK this week’s tutorial will not cover this set of exercises. Instead, Leandro will go over a two-period version of the model and cover some remaining exercises from Practice Set 1. 

 

January 19, 2012

 

I have posted below the answers to Practice Exercises – Set 1.

 

January 13, 2012

 

I have posted the first assignment below. This is due on Thursday February 9, at 9 a.m. (in class).

 

January 13, 2012

 

I have posted the first set of practice questions for Ch.1 below. These will be taken up by the TA in the tutorial on Thursday, January 19.

 

January 13, 2012

TA Office Hours

 

The teaching assistant for the course, Leandro Freyjeler, will hold his office hours:

Day/Time: Wednesdays, 11 a.m. – 1 p.m.

Location: GE 40

 

January 7, 2012

Our first class is on Tuesday, January 10.

 

 


Assignments

These assignments will be graded as part of your evaluation for the course. Assignments are due at the dates and times specified.

 

Assignment 1    Answers  Excel File for Q6

 

Assignment 2    Answers    Excel File for Q2

 

Assignment 3    Answers

 


Practice Exercises

These are exercises that complement the material covered in the lectures. You are not responsible for handing them in – they are for you to practice. The TA will take them up during the tutorials.

 

·          Practice Set 1          Answers

·          Practice Set 2         Answers

·          Practice Set 3         Answers

·          Practice Set 4         Answers

·          Practice Set 5         Answers

·          Practice Set 6         Answers

 

 

 

 

 

 

 

 

Notes

  

DP Notes

 

 

 

 

 

 

 

Sample Exams

Sample Midterm Test             Answers 

Sample Final Exam                 Answers   Note: correction to answer in Question 4.