Macroeconomics III
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Course Description
Real business cycle and new Keynesian models: business cycle fluctuations, inflation dynamics, the effects of monetary and fiscal policy, and optimal policy. Models of heterogeneity: search models of the labor market; precautionary savings and general equilibrium with incomplete markets; constrained efficiency; endogenous market incompleteness and recursive contracts; optimal taxation and redistribution. Limited enrollment. Prerequisites: ECON 203, ECON 210, ECON 211.
Grading Basis
ROP - Letter or Credit/No Credit
Min
3
Max
5
Course Repeatable for Degree Credit?
No
Course Component
Discussion
Enrollment Optional?
Yes
Course Component
Lecture
Enrollment Optional?
No
Does this course satisfy the University Language Requirement?
No
Programs
ECON212
is a
completion requirement
for:
- (from the following course set: )