wwwdev@monash.edu.au
December 10 1999
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(BUS)
Dr Michael Lee
6 points + Two 1.5 hour lectures per week + First semester + Clayton + Prerequisites: ECC4660
Synopsis: Underpinnings of modern macroeconomics basic to models of growth and cyclical fluctuations as well as models of monetary and fiscal policies. Topics include neoclassical and endogenous growth theories; overlapping generations models with and without money; policy ineffectiveness issues; equilibrium business cycle as well as traditional Keynesian models of fluctuations; and models of incomplete nominal adjustment such as those of New-Keynesian and the Lucas-Supply variety.
Assessment: Examination (3 hours): 100%
wwwdev@monash.edu.au
December 10 1999