GPA

3.45

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An introduction to selected topics in macroeconomics, including theories of business cycles, economic growth, microfoundations of labor markets and some miscellaneous issues. Topics covered include: theories of business cycles (real business cycles, information imperfections, coordination failures), economics of growth (neoclassical model, human capital model, endogenous growth), microfoundations of labor markets (recursive competitive equilibrium models, search and matching models, efficiency wages, implicit contracts, insider-outsider model), miscellaneous issues including monetary economics (cash-in-advance constraint models), the Lucas critique, time inconsistency, and endogenous cycles. Prerequisite: ECON 60800.

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