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14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include: Growth and Fluctuations Heterogeneity and Incomplete Markets Optimal Fiscal Policy Time Inconsistency Reputation Coordination Games and Macroeconomic Complementarities Information 14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include: Growth and Fluctuations Heterogeneity and Incomplete Markets Optimal Fiscal Policy Time Inconsistency Reputation Coordination Games and Macroeconomic Complementarities Information

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Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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[Watt Story's Blacksmith Shop] [Watt Story's Blacksmith Shop]

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Shop Interior: silver, gold goods - indicative of wealth/trade. Shop Interior: silver, gold goods - indicative of wealth/trade.

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Ships at Smith's Dock

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Smith?s Docks were located at the mouth of the River Tyne on the North East Coast of England, in North Shields, along with many other shipbuilding yards in that area. Thomas Smith, along with his two sons went into business at first at St Peters in Newcastle in 1810, as William Smith & Co. before settling at North Shields and becoming Smith?s Dock Co. Smith?s Docks also had shipbuilding facilities at South Bank in Teesside. Photographed by Turners. Turner?s was established in Newcastle upon Tyne in the early 1900s. It was originally a chemists shop but in 1938 become a photographic dealer. Turners went on to become a prominent photographic and video production company in the North East of England. They had 3 shops in Newcastle city centre, in Pink Lane, Blackett Street and Eldon Square. Turner?s photographic business closed in the 1990s. Ref: TWAS:DT.TUR/7/2/e (Copyright) We're happy for you to share this digital image within the spirit of The Commons. Please cite 'Tyne & Wear Archives & Museums' when reusing. Certain restrictions on high quality reproductions and commercial use of the original physical version apply though; if you're unsure please email archives@twmuseums.org.uk. To purchase a hi-res copy please email archives@twmuseums.org.uk quoting the title and reference number.

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Close up of Smith's Docks

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Smith?s Docks were located at the mouth of the River Tyne on the North East Coast of England, in North Shields, along with many other shipbuilding yards in that area. Thomas Smith, along with his two sons went into business at first at St Peters in Newcastle in 1810, as William Smith & Co. before settling at North Shields and becoming Smith?s Dock Co. Smith?s Docks also had shipbuilding facilities at South Bank in Teesside. Photographed by Turners. Turner?s was established in Newcastle upon Tyne in the early 1900s. It was originally a chemists shop but in 1938 become a photographic dealer. Turners went on to become a prominent photographic and video production company in the North East of England. They had 3 shops in Newcastle city centre, in Pink Lane, Blackett Street and Eldon Square. Turner?s photographic business closed in the 1990s. Ref: TWAS:DT/TUR/7/2/d (Copyright) We're happy for you to share this digital image within the spirit of The Commons. Please cite 'Tyne & Wear Archives & Museums' when reusing. Certain restrictions on high quality reproductions and commercial use of the original physical version apply though; if you're unsure please email archives@twmuseums.org.uk. To purchase a hi-res copy please email archives@twmuseums.org.uk quoting the title and reference number.

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Smith's Dock

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Smith?s Docks were located at the mouth of the River Tyne on the North East Coast of England, in North Shields, along with many other shipbuilding yards in that area. Thomas Smith, along with his two sons went into business at first at St Peters in Newcastle in 1810, as William Smith & Co. before settling at North Shields and becoming Smith?s Dock Co. Smith?s Docks also had shipbuilding facilities at South Bank in Teesside. Photographed by Turners. Turner?s was established in Newcastle upon Tyne in the early 1900s. It was originally a chemists shop but in 1938 become a photographic dealer. Turners went on to become a prominent photographic and video production company in the North East of England. They had 3 shops in Newcastle city centre, in Pink Lane, Blackett Street and Eldon Square. Turner?s photographic business closed in the 1990s. Ref: TWAS:DT/TUR/7/2/c (Copyright) We're happy for you to share this digital image within the spirit of The Commons. Please cite 'Tyne & Wear Archives & Museums' when reusing. Certain restrictions on high quality reproductions and commercial use of the original physical version apply though; if you're unsure please email archives@twmuseums.org.uk. To purchase a hi-res copy please email archives@twmuseums.org.uk quoting the title and reference number.

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