ECON 4012

Modern macroeconomic theory for economics majors and those considering graduate programs, utilizing microeconomic foundations with applications to current macroeconomic issues. Examination of the determinants of long-run growth and short-term cyclical fluctuations using various current models, including the real business cycle approach, the New Keynesian approach, and models that generate multiple equilibria. Comparison of model predictions to relevant Canadian data. The roles of fiscal and monetary policy. Prerequisite(s): Economics 2750 AND Economics 3012