The recent global financial crisis, which started in 2007 and put developed countries on the brink of a collapse, exposed some of the most important open questions in macroeconomics. For instance, which policies can improve the positive effects of financial markets in terms of long-run growth, and reduce their negative ones in terms of short-time fluctuations?
Given the renewed interest in these questions and the clear importance of coming up with answers, this course focuses on giving a broad view of dynamics macroeconomics with an emphasis on the role of financial markets in macroeconomics.
2 Hour Exam
1500 Word Essay
Educational aims & objectives
Educational aims of the module
- To provide an economic analysis of modern macroeconomic modelling
- To introduce students to some of the most important open questions in macroeconomics
- This course will utilise and enhance skills that began to be developed in Intermediate Microeconomics , Macroeconomics and Mathematics for Economists
By the end of the module the students will be able to:
- Students will have a solid knowledge of the core subjects of macroeconomic theory.
- Will have developed analytical skills, such as dynamic programming and intertemporal maximization.
- Will have a more thorough understanding of financial markets and the role of financial intermediaries on the aggregate economy.
2 hour weekly lecture & 1-hour seminar fortnightly.