Economics
ECON 6120: Advanced Macroeconomic Theory
Lecture - 4 credits
ND
EI
IC
FQ
SI
AD
DD
ER
WF
WD
WI
EX
CE
- Develops basic models used by macroeconomists to study long-run economic growth with exogenous savings and endogenous saving decisions by optimizing households.
- Studies models incorporating endogenous technology improvements, including the model of increasing product variety and the model of Schumpeterian growth.
- In the second part of the course, basic models used by macroeconomist are developed to explain short-term fluctuations in aggregate economic variables.
- Develops a simple real business cycle model, which is subsequently enriched by relaxing assumptions of perfect competition on the production side and monetary neutrality.
- This is the first advanced graduate-level course introducing modern theories of the aggregate economy.
Develops basic models used by macroeconomists to study long-run economic growth with exogenous savings and endogenous saving decisions by optimizing households. Show more.