Intermediate Macroeconomic Theory 1

Undergraduate

Theories of economic growth including consideration of labour, capital, and technology. The empirics of economic growth. Neoclassical and New Keynesian business cycle models, their implications for fiscal and monetary policy, and the zero lower bound. The course focuses on rigorous model-building based on an understanding of how data disciplines economic models, and introduces students to numerical simulation. Prerequisite(s): ECON 1013/ECON 1023 with a minimum grade of C-.