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|2nd Review: Fri, 2:40-4:00, Land|
This is an advanced course in macroeconomics at the graduate level. It begins with a presentation of the main two macroeconomic models, the "representative agent model" and the "overlapping generations model," which serve as the basic tools in the field. Next the course applies these two models to study several key macroeconomic issues, such as economic growth, consumption, investment, and output fluctuations, as well as fiscal and monetary policy. Prerequisites: Multivariate calculus and constrained static and dynamic optimization; differential equations; and intermediate macroeconomics.
This course is open to non-MPA/ID students only by permission of the instructor. May not be taken for credit with API-121 unless API-119 is taken after API-121.