Intermediate Macroeconomic Theory 2

Undergraduate

Microfoundations of business cycle elements including consumption, investment, employment, life-cycles, equilibrium, and the Lucas Critique. Extension of business cycle models to the open economy and applications to fiscal and monetary policy. Macro-finance models incorporating banking, investment, and financial frictions, and macroprudential regulation. Prerequisite(s): ECON 2213, ECON 2113, and MATH 1613 or MATH 1013 with a minimum grade of C-.