Spring 2023 - ECON 403 D100

Advanced Macroeconomic Theory (3)

Class Number: 3163

Delivery Method: In Person


  • Course Times + Location:

    Jan 4 – Apr 11, 2023: Fri, 2:30–5:20 p.m.

  • Prerequisites:

    ECON 302, 305 and 331, all with a minimum grade of C-. Students who have completed both MATH 232 and 251 may substitute them for ECON 331. Entry into this course requires a minimum CGPA of 3.0 or permission of the department.



Advanced coverage of macroeconomic theory for students intending to pursue graduate study in economics. Topics may include economic growth, business cycles, and monetary theory. Quantitative.


This is an advanced undergraduate course in theoretical and applied macro-economics. The aim of the course is broad in scope to prepare students for further graduate study in macroeconomics and also to ensure that all students leave the course with a policy-relevant toolkit.
The course will cover up to six general areas of macroeconomics (as time permits):
(1) Economic growth: past, present, and future
(2) General equilibrium models of consumption and investment
(3) Unemployment and market power
(4) Income and wealth inequality
(5) Monetary policy and inflation
(6) Environmental sustainability and climate change
Because many interesting and practical models do not have analytical solutions, part of the toolkit of any applied macro-economist is a basic knowledge of computational methods. Thus, throughout the term we shall examine some relatively simple computational methods. You will be expected to learn these methods and apply them to assignment problems.


  • Midterm Exam(s) 50%
  • Assignments and class presentations 30%
  • Term paper 20%



None. All required readings will come from instructor-provided lecture notes. The lectures will be based on material from various articles and topics covered in
“Monetary Theory and Policy” by Carl Walsh, MIT, 4th edition, 2017
“Advanced Macroeconomics” by David Romer, McGraw Hill, 5th edition, 2019.
“Economic Growth” by Barro, R. and Sala-i-Martin, MIT, 2003.
“Monopsony in Motion” by Alan Manning, Princeton University Press, 2005


Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.

Department Undergraduate Notes:

Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.

Final exam schedules will be released during the second month of classes. If your course has a final exam, please ensure that you are available during the entire final exam period until you receive confirmation of your exam dates. 

Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or caladmin@sfu.ca.


Registrar Notes:


SFU’s Academic Integrity website http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating. Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the university community. Academic dishonesty, in whatever form, is ultimately destructive of the values of the university. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the university. http://www.sfu.ca/policies/gazette/student/s10-01.html