Macro Theory, 7.5 hp

This intermediate macroeconomics course offers a comprehensive coverage of a broad spectrum of macroeconomic issues and ideas including long-term economic growth, business cycle and international macroeconomic issues. It integrates the insights of Keynesian, classical theories and the new classical theories of the last two decades. Economists sometimes get caught up in the elegance of formal models and forget that the ultimate test of a model or theory is its practical relevance. For this reason, a large portion of this course is dedicated to showing how the theory could be applied to real events by providing students with:

• Applications showing students how they can use theory to understand an important episode or issue.
• A numerous case studies that use macroeconomic theory to shed light on real-world data or events.
• Techniques of how to use macroeconomic data to test the different models.