14.05 Intermediate Applied Macroeconomics, Fall 2002

Abstract

Uses the tools of macroeconomics to study three macroeconomic policy problems in depth. Possible topics include long-run economic growth, the macroeconomics of the transition to a modern capitalist society, federal government surpluses and deficits, Social Security, the distribution of earnings and income, and the Great Depression. Requires a 20-page paper on a subject related to one of the topics considered in the class. Credit not given for both 14.05 and 14.06. From the course home page: Course Description This subject considers three topics of macroeconomics that are alive and controversial for policy today. The topics are: exchange-rate regimes- their role in the Great Depression and today; economic growth- the roles of capital accumulation, increased education, and technological progress in determining economic growth; and savings- the effect of government and private debt on economic growth.