Overview

Description

CALENDAR DESCRIPTION:

An examination of basic macroeconomic theory, empirical macroeconomic data and models, macroeconomic analysis, and application to economic developments and policy issues.

COURSE DETAILS:

This is an introductory course in macroeconomic theory and practice. 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 five general areas of macroeconomics:

(1) Growth theory, policy, and institutions (including empirical evidence);

(2) General Equilibrium models of consumption, saving, investment, and production;

(3) DSGE Models;

(4) Monetary economics, monetary policy;

(5) Expectations, Information Friction and Learning (if time permits);

Because many interesting and useful models do not have analytical solutions, part of the toolkit of any macroeconomist is a basic knowledge of computational methods. Thus, throughout the term we shall use some relatively simple computational methods. You will be expected to learn these methods and apply them to assignment problems.

*I will not be assuming a background beyond what you should already have; i.e., math at the level of 798, micro at the level of 802, and macro at some advanced undergraduate level. Prior experience in writing code might be helpful

Grading

Materials

REQUIRED READING:

RECOMMENDED READING:

REQUIRED READING NOTES: