ECC4660

Macroeconomics

(BUS)

Associate Professor Dietrich Fausten

7 points + Two 1.5-hour lectures per week + Second semester + Clayton

Synopsis: Contemporary macroeconomics and recent policy debates, including market clearing and long-run equilibrium; classical dichotomy; money in the global economy; aggregate demand and price rigidity, microfoundations of macroeconomics, disequilibrium models; stock-flow interactions; wealth effects; rational expectations; policy ineffectiveness and Ricardian equivalence; money and credit; exchange rate regimes; new Keynesian macroeconomics; comovements of macro variables and macroeconomic forecasting.

Assessment: Written (3000-word essay): 30% + Examination (3 hours): 70%