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Macroeconomics (6 points)


Leader: Associate Professor Dietrich Fausten

Clayton Second semester 2004 (Day)

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%

Contact Hours: Two 1.5-hour lectures per week

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