ECC5660

Macroeconomic theory ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: To be advised

Offered:
Clayton First semester 2006 (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: 3 hours per week

Prerequisites: ECC4660