ECON 703 - Advanced Macroeconomics I

(3 units)

Introduction to modern theories of economic growth and fluctuations. Neoclassical synthesis; descriptive, optimal, and endogenous growth, real business cycles; new classical and new Keynesian theories.

Prerequisite(s): ECON 303; admission to the Ph.D. in Economics program, or permission of the instructor.

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. model macroeconomic processes using one or more static economic models, and be able to provide economic understanding by using comparative static analysis.
2. explain many macroeconomic facts using standard economic models.
3. use social science understanding, both in the form of formal models and in the form of informal theory, to evaluate various macroeconomics policies.

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