Advanced Macroeconomics

Catalog description

This course provides macroeconomic frameworks to understand empirical patterns we observe and to think systematically about a range of policy problems that policymakers face. Topics covered include economic growth, business cycles, unemployment, money, inflation, payments, digital currencies, asset pricing, and bank runs, among others. For each topic, we will learn the theoretical model that explains the stylized facts, analyze the effects of exogenous shocks and policy changes, and study the optimal policy. The goal of the course is to help students start their own research in macroeconomics on a topic of their interest using the models they learned in the course. Prerequisite: ECON-SHU 3 (or an equivalent microeconomics course) and ECON-SHU 1 (or ECON-SHU 251 or an equivalent macroeconomics course) Fulfillment: Economics Advanced elective.