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This is the second course in the four-quarter graduate sequence in macroeconomics.

0

3

English

English [CC]

FREE

Description

Its purpose is to introduce the basic models macroeconomists use to study fluctuations. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the “new Keynesian” model, monetary policy, and fiscal policy.

Course content

  • Fluctuations Unlimited
  • The basic model: The consumption/saving choice Unlimited
  • Allowing for labor/leisure choice (the RBC model) Unlimited
  • Allowing for non-trivial investment decisions Unlimited
  • Introducing money Unlimited
  • Introducing price setting Unlimited
  • The “new Keynesian” model Unlimited
  • Monetary policy Unlimited
  • Fiscal policy Unlimited

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Instructor

Massachusetts Institute of Technology
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