Master in Economics | Models and Methods of Quantitative Economics » Study programme » First Year » Macroeconomics 1
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Quantitative Economics Master - QEM :


Macroeconomics 1



Number of Credits: 7 credits


Hours: 4 hours per week, about 60 hours total including tests


General Presentation: This course examines theoretical Macroeconomics. It will include a number of topics:

1) Economics Growth: the Solow model

2) Consumption Behavior

3) Economic Growth with Endogenous Saving Behavior: the Ramsey-Cass-Koopmans model

4) The Labor Market: efficiency wages, matching models, equilibrium rate of unemployment

5) Market Imperfections: price and wage inertia, imperfect competition and macroeconomics, coordination failures and neo-keynesian theory

6) Open Economy Macroeconomics: the Dornbusch model, exchange rates and current account dynamics

7) Macroeconomic Policy: rules vs discretion, credibility, Taylor rules, the new neoclassical synthesis, the new IS-LM model.


Books: David Romer , Advanced Macroeconomics, (Mac Graw-Hill, second edition, 2001). O. Blanchard and S. Fischer, Lectures on Macroeconomics, The MIT Press.


Prerequisites: Logic and Sets, Multivariable Calculus and Opens internal link in current windowOptimization.