ECON 385
Intermediate Macroeconomic Theory II
Fall 2014
Syllabus
1. Introduction
2. Growth Facts
3. Solow Model Without Technological Growth
4. Solow Model Without Technological Growth. Cobb-Douglas example
5. Solow Model With Technological Growth and Fit to the Data
6. Solow Model With Technological Growth. Cobb-Douglas example
7. Micro-foundations: Consumption
Problem set 1, due October 10, by 4PM
8. The Permanent Income Hypothesis.
Note on the Permanent Income Hypothesis.
Note on the Solow growth model.
9. Micro-foundations: Investment.
10. Credit Market Imperfections and the Financial Crisis.
Problem set 1, Solutions
11. Unemployment.
Midterm exam, Solutions
12. Search and Unemployment.
13. Monetary Policy, the Quantity Equation of Money, and Inflation.
14. Introduction to Economic Fluctuations.
Problem set 2, due November 26, by 4PM
15. The Phillips Curve, Rational Expectations, and the Lucas Critique.
16. Issues in Monetary Policy.
17. Review of the IS-LM.
18. Review of the IS-LM II.