ECON 501Macroeconomic Theory

Catalog

Students are exposed to current macroeconomic theories used to analyze short, medium, and long run macroeconomic issues. We use a modern three equation New Keynesian model as the basis for our short and medium run analysis with extensive discussion of monetary and fiscal policy among other issues. Microeconomic foundations for the three equation model are developed. Economic growth is covered from the perspective of both neoclassical and endogenous growth models as well as from various empirical perspectives. Open economy macroeconomic models are also covered. Format: Lecture, Problem Sets, Presentations, Mid-term and Final Exams.