This course is no longer available, see the current course list.
5315 - Recursive Macroeconomic Theory
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Course content
• Competitive Equilibrium and Pareto Optima
• Complete market and perfect risk sharing
• Permanent income/ life cycle model
• Complete market with enforcement and information frictions
• Creditable government policy
• Current research in asset pricing (incomplete market, enforcement problem,
etc.)
• Large scale OLG model with demographic/ policy transition
Learning outcomes
This course is designed to develop a working toolbox for Ph.D. students who would like to conduct research in applied theory. The course teaches basic tools of modern macroeconomics, which has direct applications to a broad set of fields in economics (labor economics, political economy, development, asset pricing, and others). The ultimate goal of this course is to learn to use a variety of models that can be used to give quantitative answers to a number of economic questions.
Admission
This is an advanced course at phd-level, but open for specially interested masters students.
Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in StudentWeb.
Students enrolled in other Master's Degree Programmes can, on application, be admitted to the course if this is cleared by their own study programme.
International applicants, if you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures for international applicants.
The examination in this course is not available for external candidates. Only students admitted to the course may sit for the examination.
Prerequisites
Recommended prior knowledge
Students in this class are expected to have taken ECON4310 - Macroeconomic Theory or other macro courses at the same level. For those who have not taken the above mentioned courses, you are strongly encouraged to consult with the course lecturers before taking the course.
Teaching
Lectures: 2 hours per week throughout the semester.
Seminars: 2 hours per week through parts of the semester.
Criteria for access to teaching resources
A student who has previously been admitted to the course, is entitled to repeat the course, contingent on available capacity.
Exam information
The students will be evaluated by means of portfolio assessment, based on hand-ins and assignments given through the semester
Exam resources
No special exam resources are allowed.
Language of examination
The problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English. See § 6.4 i Forskrift om studier og eksamener ved Universitetet i Oslo .
The language of examination is Norwegian. You can apply to the administrators of the course to be given the exam text in English. It is possible to submit your response in Norwegian, Swedish, Danish or English.
Assessment and grading
Course grades are awarded on a descending scale using alphabetic grades from A to E for passes and F for fail. Read more about the grading system .
Explanations and appeals
Students can request an explanation of their grades, and can also appeal against their grades or make a complaint about formal examination errors. Read more about explanations and appeals
Possibility of make-up exams and re-takes
The Department of Economics has passed following resolution for ECON-courses: It will no longer be possible for candidates to register for an exam in a lower level course after having passed exams in intermediate and advanced level courses in the same subject area (also where there are no pre-requisites that apply to the intermediate course). Further information can be found here.
Students who might wish to retake the exam later, are not guaranteed that the course is ever repeated with a similar reading list, nor that the exam arrangement will be the same.
You can usually resit an exam, but the conditions depend on whether you had a valid reason for absence from the regular exam. Read more about resitting an exam .
Withdrawing from exams and limits on re-takes
A student can sit for this exam up to 3 times. If a student wishes to withdraw from the exam, s/he must do this in StudentWeb at least two weeks prior to the first day of the exam. Failure to do so will be counted as one of the three opportunities to sit for the exam.
Exam options for students with special needs
Students may apply for access to alternative exam resources or exam forms on the basis of chronic illness and/or special needs that create a marked disadvantage to other students in the exam situation. Mothers who are breastfeeding may apply for extra time to complete the exam.
Contact us
Department of Economics
Visiting address:
Moltke Moes vei 31, Eilert Sundts house, 12th floor
Visiting hours:
10.15-11.00 and 12.15-15.00
Postal address:
P.O box 1095 Blindern
0317 Oslo
Fax: +47 22855035
E-mail: post@econ.uio.no
Web: http://www.sv.uio.no/econ/english/