1.

Introduction, basic consepts and the national accounts

S&L Chs 1,2,4.1,6.1,6.2, appendix to ch. 6, 7.2, 7.3

2 hrs.

2.

Introduction to macroeconomic modelling: Classic and Keynesian models

S&L Chs 1,2,4

2 hrs

3.

Consumption

S&L Ch 4

D&F Ch 8

2 hrs

4.

Investment

S&L Ch 5

D&F Ch 9

2 hrs

5.

Current account

S&L Chs 6.3-6.6

D&F Ch 6

4 hrs

6.

The government

S&L Chs 7.1,7.4-7.8

D&F Ch 16

2 hrs

7.

Money demand

S&L Ch 8

D&F Ch 10

4 hrs

8.

Money supply

S&L Chs 9.1-9.4

D&F Ch 11

4 hrs

9.

Monetary equilibrium and general equilibrium

S&L Chs 9.5,10

4 hrs

10.

Inflation

S&L Ch 11

2 hrs

1.

Macroeconomic policies and output determination in a closed economy

S&L Ch 12

D&F Ch 7

8 hrs.

2.

Macroeconomic Policies in the open economy: the case of fixed exchange rates

S&L Ch 13

D&F Ch 7

10 hrs

3.

Macroeconomic Policies in the open economy: the case of flexible exchange rates

S&L Ch 14

D&F Ch 7

10 hrs

1.

The Keynesian model in an open economy: upward sloping aggregate supply curve

S&L Ch 3, 12-14

4 hrs.

2.

Inflation and unemployment

S&L Ch 15, 16

D&F Ch 14

4 hrs

3.

Institutional determinants of wages and unemployment

S&L Ch 16

2 hrs

4.

Stopping high inflation

S&L Ch 23.

4 hrs

5.

The theory and practice of economic policy

S&L Chs 9.1-9.4

4 hrs

6.

Long-term growth

S&L Ch 18

D&F Ch 19

2 hrs

7.

Explaining business cycles

S&L Ch 17.

4 hrs

8.

Financial markets

S&L Ch 18

4 hrs

1.

Solow growth model

S&L Ch 18

2 hrs.

2.

Consumption and investment: basic infinite horizon models

B&F Ch 2

6 hrs

3.

Investment and saving in the open economy

B&F Ch 2

4 hrs

4.

Overlapping generations model

B&F Ch 3

6 hrs

5.

Money in overlapping generations models

B&F Ch 4.

2 hrs

6.

Sidrauski model

B&F Ch 4

4 hrs

7.

Seigniorage and inflation

B&F Ch 4

4 hrs

1.

Consumption under uncertainty

B&F, Ch 6

6 hrs.

2.

Asset pricing, equity premium puzzle

B&F chs 5, 6, 10

6 hrs

3.

Investment under uncertainty

B&F, Ch.6

6 hrs

4.

Real business cycles

B&F, ch 7

6 hrs

5.

Monetary and fiscal policy issues

B&F, ch 11

4 hrs

1.

Understanding consumption

B&F Ch 6

8 hrs.

2.

Competitive equilibruim business cycles

B&F ch 7

4 hrs

3.

Nominal rigidities and economic fluctuations

B&F Ch 8

4 hrs

4.

Labour market: efficiency wages

B&F Ch 9

4 hrs

5.

Credit markets

B&F ch 9

4 hrs

6.

Endogenous growth models

4 hrs