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14.452 Macroeconomic Theory II, Spring 2002

Refinery in Pascagoula, Mississippi.
Refinery in Pascagoula, Mississippi. (Images courtesy of the U.S. Department of Energy, Energy Information Administration and U.S. Department of Agriculture.)

Highlights of this Course

This readings-based course has an extensive list of articles and journals which make up the base of the teaching. In addition, MATLAB® program files, as applied to key topics in the course, are shown. A set of lecture notes and homework assignments are available for key topics.

» View this course en Español or em Portugues courtesy of Universia.

Course Description

This is the second course in the four-quarter graduate sequence in macroeconomics. Its purpose is to introduce the basic models macroeconomists use to study fluctuations.

The course is organized around nine topics/sections:

  • Fluctuations and Facts
  • The basic model: the consumption/saving choice
  • Allowing for a labor/leisure choice (the RBC model)
  • Allowing for non trivial investment decisions
  • Allowing for two goods
  • Introducing money
  • Introducing price setting
  • Introducing staggering of price decisions
  • Applications to fiscal and monetary policy

 

MATLAB® is a trademark of The MathWorks, Inc.

 

Staff

Instructor:
Prof. Olivier Blanchard

Course Meeting Times

Lectures:
Two sessions / week
1.5 hours / session

Recitations:
One session / week
1.5 hours / session

Level

Graduate

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