This course covers the foundations of the theory of modern macroeconomics. The goal is to build simple analytical models to be used as "laboratories" to understand the macroeconomy. These models help interpret past data, consider future trends, and analyze the effects of fiscal and monetary policies.
We will build models where economic agents behave optimally and interact in general equilibrium. We will use these models to discuss long-run growth and short-run fluctuations of economic aggregates. A central theme will be to understand the power and limitations of macroeconomic policy in stabilizing the business cycle and promoting growth.
Axelle FERRIERE
Cours magistral seul
English
The prerequisite for this course is the core economics course in the first year. This course will use some basic mathematic tools that are common in any modern economic course.
Spring 2024-2025
Mid-term exam (1 hour, in class, closed book), 30% of the grade. Final exam (2 hours, in class, closed book), 70% of the grade.
Macroeconomics, by Andrew Abel, Ben Bernanke, and Dean Croushore.