Summary

This course introduces to the key building blocks of modern macroeconomic theory. The emphasis is on understanding different theoretical approaches and their relevance to macroeconomic policy by looking at both real and monetary aspects of economies. At the end of the course, students should be familiar with the following topics: Economic Growth, Unemployment, Business Cycle and Monetary Policy, and Consumption and Investment Theory. Tutorial classes will be used to solve problem sets and to introduce to the use of MATLAB and DYNARE to build, solve and simulate simple dynamic stochastic general equilibrium models.