his course is designed to develop the theoretical building blocks and tools of dynamic macroeconomics at advanced level. The course methodologically acknowledges the microeconomic foundations of macroeconomics, which is the basis for NeoClassical/ New Classical macroeconomics. Starting from oneperiod and twoperiod general equilibrium models, the course covers several modeling approaches ranging from overlapping generations to infinite period deterministic dynamic general equilibrium modeling. In addition to this, all our modeling examples present both competitive equilibrium and social planner’s solution. Hence, the course builds up a complete sense of macroeconomic modeling.

The course begins by introducing to students the oneperiod general equilibrium models. Next, twoperiod partial and general equilibrium macroeconomic modeling is developed. Third, overlapping generations models are covered in general equilibrium setup. Finally, deterministic dynamic general equilibrium modeling is studied through reviewing economic growth literature. In that scope, difference equations, differential equations and optimal control theory are covered in the course at sufficient detail.