This is an advanced Macroeconomics course designed to equip students with knowledge of macroeconomic policy and theory using both theory and empirical findings. In this course, we will be concerned with the following; developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies.
Main text(s): Romer, David (2012). Advanced Macroeconomics
The course textbook will be supplemented by relevant journal articles.
- Teachers: Rahat Sabyrbekov