printer friendly pageECON 212: Macroeconomics III
Real business cycle and new Keynesian models: business cycle fluctuations, inflation dynamics, the effects of monetary and fiscal policy, and optimal policy. Models of heterogeneity: search models of the labor market; precautionary savings and general equilibrium with incomplete markets; constrained efficiency; endogenous market incompleteness and recursive contracts; optimal taxation and redistribution. Limited enrollment. Prerequisites:
ECON 203,
ECON 210,
ECON 211.
Terms: Spr
| Units: 3-5
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