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Econ 102B: Intermediate Macro B (G1)Thursdays SESS Networked Seminar Rm 2.3 Econ 102B: Intermediate Macro B (G2)Tuesdays SESS Networked Seminar Rm 2.3 Econ 102B will adopts a microfounded neoclassical approach to macroeconomics. The course starts with the simplest macro model: the world of Robinson Crusoe. With each successive week, we will built additional features to the economy. We will start by the addition of domestic exchange trade and credit. We then follow with the use of money, labor markets, inflation, interest rates, investment, and government behavior. At this point, we will open the model to international trade and international credit. Finally, we will explore macroeconomic fluctuations from both the neoclassical and Keynesian perspective, including the open economy formulation of the Keynesian approach: the Mundell-Fleming model. Throughout, we will sharpen the intuition provided by the primary textbook, Macroeconomics, (by Barro, Robert J, 5th edition, MIT Press, 1997) with an appropriate degree of mathematical rigour of the level found in Doepke, Lehnert and Sellgren's supplementary textbook (found at http://www.econ.ucla.edu/doepke/teaching/textbook/index.html). Throughout this course, you will get a modern treatment of closed and open economy macroeconomics. You will be able to use the tools learned in Macro B to apply towards a deeper understanding of current theoretical and policy debates. Upon completion of this course, you will be well prepared to tackle advanced courses in public finance, international economics & finance, and monetary economics. You will also be in a great position to obtain internships or research assistantships in macroeconomics. Examination Information: |