Description

MEC-02 Macroeconomic Analysis

MEC-02 Macroeconomic Analysis Block 1 – Traditional Approaches to Macroeconomics Classical and Keynesian Approaches Neoclassical Synthesis Block 2 – Economic Growth The Solow Model Endogenous Growth Model Block 3 – Rational Expectations Relational Expectations and Economic Theory Policy-Making under Uncertainty Block 4 – Inter-temporal Decision-Making Consumption and Asset Price The Ramsey Model The Overlapping Generations Model Money and the Role of Monetary Policy Block 5 – Economic Fluctuations Traditional Theories of Business Cycles Real Business Cycles Block 6 – Unemployment Traditional Theories Search Theory and Unemployment Nominal and Real Rigidities New Keynesian Theories of Unemployment Block 7 – Open-Economy Macro-Modeling Flexible Exchange Rate System Fixed Exchange Rate System Sluggish Price Adjustment