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This course develops theoretical and empirical tools for understanding the macro economy. An emphasis is placed on reconciling various macroeconomic models with the "Stylized facts" of the data. The course begins with
the study of long-run economic growth, both over time and across countries. Attention is then given to modern approaches to consumption, investment, international transactions, money demand, and labor markets. These
are
distilled into simple general equilibrium models, with Neo-Classical and (New) Keynesian variants. Critiques of both schools of thought are explored. Finally, the efficacy of counter cyclical policy actions is examined
in detail.
Current events, both within the U.S. and abroad, are regularly discussed. Upon completion of this course, students should be capable of an informed analysis of recent macroeconomic debates. They also
should
be prepared for upper-level electives on a variety of macroeconomic subjects.
COURSE FORMAT: Lecture
Level: UGRD Credit: 1 Gen Ed Area Dept: SBS ECON Grading Mode: Graded
Prerequisites: ECON300
Last Updated on MAR-19-2004
Copyright Wesleyan University, Middletown, Connecticut, 06459