ECON 8360 Macroeconomic Theory
This course will review theories of productivity, output and employment, as well as consumption saving and investment decisions. An introduction to long-run economic growth, an extension of savings and investment to the open economy and the functioning of the money market will be provided next. Business cycles and the IS-LM/AD-AS models as general frameworks will be discussed, along with exchange rates and macroeconomic policies in the open economy. Monetary policy and the operating procedures of the Federal Reserve System will pave the way for the literature on rules versus discretion. Recent representative articles from professional journals will complement the basic material.
Offered
As scheduled