course

The class is the first half of the macroeconomics sequence. It covers the major issues in macroeconomics. In addition to developing the economic intuition, it covers the the workings of major macroeconomic models that students will need in their research. We start with long-term growth, and then stylized models of economic fluctuations and stabilization policy. We then work through the general equilibrium optimizing models that are the core of macroeconomics, gradually building them up to analyze the conduct of policy. The final part of the course covers financial markets and the banking sector, as well as labor market issues. As conducting research in macroeconomics requires a familiarity with technical tools, the course entails a fair amount of mathematical materials. The slides for each class will be made available shortly before the lecture, so students can focus their attention on understanding the concepts covered. A technical note will also be made available with the detailed steps of themost technical sections. Weekly review sessions cover the methods used in the class in more details.