EC 402. Advanced Macroeconomic Analysis (3)

This course includes the advanced examination of the forces determining the level of income, employment, and growth in the economic system. Uses and coordination of monetary and fiscal policy will be analyzed. Topics include Solow Growth, infinite-horizon and overlapping-generations models, endogenous growth, cross-country income difference, real business cycle theory, nominal rigidity, dynamic stochastic general equilibrium models, consumption, investment, unemployment, inflation and monetary policy. Additionally, macroeconomic data will be used to examine these theories using various cross sectional and times series methods. Students are expected to become competent in programming and data analysis. Prerequisites: "C" or higher in EC 400 .