Olivier Loisel’s website	Macroeconomics 1
Welcome Papers Research papers Policy papers Courses On financial economics On macroeconomics On monetary economics Others Curriculum vitae Contact information	20-hour master-level course taught in English at ENSAE Paris Description This course introduces the fundamental concepts of macroeconomic models with microeconomic foundations. It addresses two main themes, the theories of growth and the effects of fiscal policy, through continuous-time models with a representative agent or overlapping generations. It pays a particular attention to normative questions concerning the Pareto efficiency of the market equilibrium and the role of economic policies. General introduction Part I: Exogenous growth theories Chapter 1: The growth model with an exogenous saving rate (Solow-Swan) Chapter 2: The growth model with an endogenous saving rate (Cass-Koopmans-Ramsey) Chapter 3: The DICE model (Nordhaus) Part II: Endogenous growth theories Chapter 4: The growth model with learning by doing (Romer, 1986) Chapter 5: The growth model with a variety of goods (Romer, 1990) Part III: Effects of fiscal policy Chapter 6: Fiscal policy in the representative-agent model (Cass-Koopmans-Ramsey) Chapter 7: Fiscal policy in the overlapping-generations model (Weil) General conclusion Main references Barro, R.J., and Sala-i-Martin, X., 2004, “Economic Growth,” second edition, MIT Press Heijdra, B.J., and Van der Ploeg, F., 2002, “Foundations of Modern Macroeconomics,” Oxford University Press Romer, D., 2011, “Advanced Macroeconomics,” fourth edition, McGraw-Hill Complete references Last exams 2023-2024 exam 2022-2023 exam 2021-2022 exam