Course Outline
- Real Business Cycle Theory
- Business Cycle Facts and Measurement
- Analytical Solutions to Real Business Cycle Models
- Solving RBCs Log-Linearization and the Method of Undetermined Coefficients
- Solving RBC models using Dynare
- Objections to the RBC Paradigm
- Money in Macroeconomic Models (Classical View)
- New-Keynesian Business Cycles
- Monetary Policy
- Asset Pricing
- Financial Frictions in Macroeconomics
- Large Open Economy
- Small Open Economy
- Models of Unemployment
Reference Books
- Blanchard, Olivier (1997) Macroeconomics. London: Prentice-Hall.
- Romer, David. Advanced Macroeconomics. McGraw-Hill.
- Taylor, John B. and Michael Woodford (ed). Handbook of Macroeconomics (volumes 1A, 1B & 1C), North-Holland Elsevier Science, Amsterdam, 1999.
- Wickens, Michael. (2012). Macroeconomic Theory: A Dynamic General Equilibrium Approach. Princeton University Press.