Course Outline

  1. Real Business Cycle Theory
  2. Business Cycle Facts and Measurement
  3. Analytical Solutions to Real Business Cycle Models
  4. Solving RBCs Log-Linearization and the Method of Undetermined Coefficients
  5. Solving RBC models using Dynare
  6. Objections to the RBC Paradigm
  7. Money in Macroeconomic Models (Classical View)
  8. New-Keynesian Business Cycles
  9. Monetary Policy
  10. Asset Pricing
  11. Financial Frictions in Macroeconomics
  12. Large Open Economy
  13. Small Open Economy
  14. Models of Unemployment

Reference Books

  1. Blanchard, Olivier (1997) Macroeconomics. London: Prentice-Hall.
  2. Romer, David. Advanced Macroeconomics. McGraw-Hill.
  3. Taylor, John B. and Michael Woodford (ed). Handbook of Macroeconomics (volumes 1A, 1B & 1C), North-Holland Elsevier Science, Amsterdam, 1999.
  4. Wickens, Michael. (2012). Macroeconomic Theory: A Dynamic General Equilibrium Approach. Princeton University Press.