Prof. Rodney Smith University of Minnesota

By vipress On March 11, 2016 · Add Comment

ANNOUNCE LECTURE SERIES

General Equilibrium and Growth

Prof. Rodney Smith
University of Minnesota

11^th January 2019 (Friday) at
3:05 pm to 4:15 pm

And

14^th January 2019 (Monday) at
11:40 am to 12:50 pm
1:30 pm to 2:40 pm

Venue: Seminar Room (First Floor)
Department of Economics, Delhi School of Economics

All are cordially invited

Lecture Outline

Lecture 1 (Friday, January 11, 2019 3:05-4:15 pm )

1. Households and firms in simulations (see Handout 1)

a. Profit, revenue and cost functions

b. Implications of constant returns to scale in consumption and production – homothetic preferences and technologies

2. Mathematica (see Handout 2)

Lecture 2 (Monday January 14, 2019 11:40-12:50pm)

1. National account data and calibration (see Handout 3)

2. Two and three-sector general equilibrium models (see Three Sector handout)

3. Mathematica and the static three sector model

Lecture 3 (Monday January 14, 2019 1:50-3:00 pm)

1. Dynamic general equilibrium models (see Handout 9)

2. Mathematica and the dynamic three sector model

Readings

Terry L. Roe, Rodney B.W. Smith and D. Sirin Saracoglu (2010). Multisector Growth Models: Theory and Application, Springer.

RTL