Offered
Clayton First semester 2008 (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
Prohibitions
ECX5466
