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DECO 23A00 - Intermediate Macroeconomics

Type d'enseignement : Seminar

Semester : Autumn 2018-2019

Number of hours : 24

Language of tuition : English

Pre-requisite

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Course Description

The main goal of the course is to provide foundations to several short- and medium-run macroeconomic topics already met in the core-econ course of the 1st year. The course will develop the basic models (like the 3-equations models) that constitute the workhorse for several macroeconomic analyses. It will then apply this model to shed light on current economic policy issues, including the emergence and the management of financial and real crises, the impact of fiscal and monetary policies, the stability of economic and monetary unions.

Teachers

NAPOLETANO, Mauro (Chargé d'études)

Pedagogical format

Part 1: Building the 3-equations model Week 1: Introduction. The demand side Week 2: The supply side Week 3: The 3-equations model and macroeconomic policy Week 4: Expectations Week 5: Money, banking, and the macroeconomy Part 2: Opening the economy Week 6: The 3-equations model in the open economy Week 7: The open economy: demand and supply sides Part 3: Macroeconomic policy issues Week 8: Issues in monetary policy Week 9: Fiscal policy and public debt Week 10: Supply side policies Week 11: Economic crises and policy responses Week 12: The economics of monetary unions

Course validation

60% of total score: preparation of a short essay on the course topics 30% of total score: oral presentation 10% of total score: participation to class discussions, behavior in class, late arrival to classes, etc.

Required reading

  • Carlin, W., Soskice., D., 2015, Macroeconomics: Institutions, Instability and the Financial System, Oxford University Press
  • Further readings will be provided during the course.