This course introduces the fundamental concepts of microfounded macroeconomic models. 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 issues concerning the Pareto efficiency of the market equilibrium and the role of economic policies.
Aghion, P., et P. Howitt (2010), “L'économie de la croissance”, Economica [67 AGH 00 F]
Barro, R. J., et X. Sala-i-Martin (2004), “Economic Growth”, 2ème édition, MIT Press [67 BAR 00 B]
Heijdra, B. J., et F. van der Ploeg (2002), “Foundations of Modern Macroeconomics”, Oxford University Press [65 HEI 00 A]
Romer, D. (2006), “Advanced Macroeconomics”, 3ème édition, McGraw-Hill [65 ROM 00 A]