ECON 424 Advanced Macroeconomic Theory

18 points. Semester 2.

Overview

This course builds on the explanations of the business cycle covered in ECON 376. Since consumption and investment are the most significant components of income/output, we discuss how households make consumption decisions and firms make investment decisions. We also closely examine theories relating to unemployment, monetary and fiscal policy.

Paper coordinator

Robert Alexander

Prerequisites

ECON 376 and ECON 377

Class contact

One two-hour lecture per week.

Assessment

40% internal, 60% final exam (some plussage applies).

Textbook

Most of the reading from the course will come from: Romer, D. Macroeconomics. Boston: McGraw Hill, third edition, 2006. It is therefore useful to have your own copy, but Romer and any other material referred to will be available on Close Reserve in the Central Library and/or the web.

Course Information

You can download more information from the 2008 Course Outline in PDF format.

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