ECON5021 MACROECONOMIC THEORY

This course introduces the approaches and methods used in modern macroeconomics. The main goal of this course is to equip students with the basic economic intuitions and modeling techniques needed for further exploration in macroeconomic research. The course is divided into two parts. In Part 1 (Economic Growth), students will learn the modern analysis of economic growth. Basic growth theory, growth and development accounting will first be covered. Then new directions on the theories of growth and development will be studied, including an introduction of different models of endogenous growth and technological change. In Part 2 (Foundations of Modern Macroeconomics), important background and computational knowledge of macroeconomics beyond the Classical and Keynesian schools will be covered, including an introduction to Dynamic Programming, Real Business Cycle Theory and introductory macroeconometrics.