Scheda insegnamento

Anno Accademico 2020/2021

Conoscenze e abilità da conseguire

This course presents models and techniques used by macroeconomists to study the theory of consumption and investment. At the end of the course, the student: - knows basic techniques in dynamic programming and their applications - critically understands macroeconomic models that study the dynamics of Consumption and Investment.


The theory of consumption and investment:

1. Consumption under certainty

2. Consumption under uncertainty

3. Empirical applications

4. The Interest rate, saving and consumption growth

5. Consumption and risky assets

6.Liquidity constraints

7. Investment and the cost of capital

8. Investment with adjusting costs

9. tobin's Q

10. Investment and uncertainty


Romer, David, Advanced Macroeconomics, the McGraw-Hill Companies,last edition

Jappelli, T. L.Pistaferri, The Economics of Consumption: Theory and Applications, 2018 Oxford Economic Press

Lectures Notes

Metodi didattici

traditional teacher led classes

Modalità di verifica dell'apprendimento

At the end of the course, there will be a one hour and a half written examination. The exam will be closed book. The aim of the exam is to test the knowledge acquired by students both of the theoretical and of the empirical literature discussed in class. The exam will count 90% of the final grade. Three problems sets solved by student every week will count 10% of the final grade.

Strumenti a supporto della didattica

There will be five recitations led by a teaching assistants and three problem sets

Orario di ricevimento

Consulta il sito web di Laura Bottazzi