ECON4020 ADVANCED MACROECONOMICS

The emphasis of this course is on the modern analysis of macroeconomic fluctuations and growth. Advanced theories of business cycles such as the New Classical and New Keynesian approaches, are studied. It also provides an introduction to models of endogenous growth and technological change. Topics include: dynamic macro models of finite and infinite horizon, monetary growth models, search models, new growth models, and models of income distribution. This course strikes a balance between theoretical developments and empirical studies in modern macroeconomics. This course is particularly suitable for students who aspire to doing graduate work. Students are advised to take ECON1111 and 3021 before taking this course.