Course : MSc Program in Economics: Macroeconomics II

This is the second part of the compulsory graduate level course in Macroeconomics. The course offers an introduction to modern dynamic macroeconomics, using the stochastic dynamic general equilibrium (SDGE) methodology The material covered includes the deterministic and stochastic neoclassical growth model, the real business cycle model, the new-keynesian model and the Diamond – Mortensen – Pissarides search model. These models are used, in turn, to study public finance, monetary policy and financial intermediation issues. The course concludes with an introduction to endogenous growth theory and the study of the role of institutions in economic growth.