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| Undergraduate, Postgraduate |
(BUS)
|
Leader: Associate Professor Dietrich Fausten
Offered:
Clayton Second semester 2005 (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: Three contact hours per week