ECON 5012

An introduction to graduate-level macroeconomic theory, including topics such as economic growth, consumption, investment, real and nominal frictions in the goods, labour, and credit markets, models of short-run economic fluctuations, and monetary and fiscal policy design. Mathematical treatments of current macroeconomics models that are popular in the literature, including classical and new-Keynesian rational expectations models, real business cycle models, and models that can generate multiple equilibria, as well as empirical evidence. Prerequisite(s): Admission to the M.A. program Recommended Background: One course (3.0 credit hours) in Macroeconomics at the senior undergraduate level AND One course (3.0 credit hours) in Mathematics for Economics