Module Advanced Microeconomics This course has essentially two objectives: (i) to provide students with the tools necessary to tackle economic problems in a systematic way, and (ii) to develop basic intuitions that can help students to analyze economic puzzles and policy problems they will encounter during the rest of their career. We will develop a theoretical model of both consumer and producer behavior. Combining both groups within a market and across markets provides a framework that is the basis for virtually all economic analysis. To motivate the concepts and to illustrate the usefulness of the tools, we will cover applications as time permits.
Module Advanced Macroeconomcis: The course is an introduction to the analysis of the modern models for Dynamic Macroeconomics. It applies relevant formal economic reasoning and advanced optimization techniques to study such macroeconomic topics as: (1) Investment Decisions; (2) Growth Theory. As for Economic Growth, after a broad description of the main "facts" about the process of long-run per-capita income growth, the course will analyze such topics as the relationship between: Physical capital accumulation and growth; Human capital investment, health, and growth; Research and development, population, and income growth.
Expected learning outcomes
Module Advanced Microeconomics: At the end of the microeconomics module students will be able to:1) understand the theory of consumption; 2) work with basic production theory; 3) distinguish the characteristics of markets in perfect competition, monopoly and oligopoly.
Module Advanced Macroeconomics: At the end of the course students will be able to: (1) Approach autonomously the reading of modern models in the field of dynamic macroeconomics; (2) To obtain the fundamental theoretical results of such models through the application of the related dynamic maximization techniques and (3) To interpret economically the results obtained and their economic policy implications.
Lesson period: Second trimester
(In case of multiple editions, please check the period, as it may vary)