ECC5660

Macroeconomic theory (6 points)

(BUS)

Leader: Dr Pushkar Maitra

Offered:
Clayton First semester 2003 (Day)
Clayton First semester 2004 (Day)

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: In-class assessments: 60% + Examination (2 hours): 40%

Contact Hours: Two 1.5 hour lectures per week

Prerequisites: ECC4660