Macro Models
Lecture handout: Macro Models: from DICE to doughnuts |
This session integrates ecological concerns wirth standard economics, providing an overview of how macroeconomists model the economy and how those methods and models relate to climate issues.
For a history of the Phillips curve, listen to:
- How the Phillips Curve shaped macroeconomics, Planet Money, September 8th 2023
Here are the scorecards on social progress mentioned:
In some versions of this presentation I discuss agent-based models. You can play with the Schelling model here. To learn more about ABMs I recommend this Runestone Academy interactive textbook. Also see:
- “Why Agent-Based Modeling Never Happened in Economics” Mike Makowsky, March 2022
Further readings:
- Boulding, K.E., 1977, “Notes on goods, services, and cultural economics” Journal of Cultural Economics, 1(1):1-12
Recommended audio:
- “Macro 6: DSGE“, Anthony J. Evans (for more depth on Macroeconomic models including my other podcast episodes see here)
Recommended videos:
Here is a fascinating video (in French) on the limits to growth and the World 3 model
Here is Ray Dalio’s 30 minute explainer on his economic framework:
Quiz:
Here’s a short quiz to test your knowledge about the sessions:
https://forms.gle/7gS6wzAuUxirvKJ57
Learning Objectives: Consider the upper limits of economic growth and the impact of economic activity on the environment. |