Macroeconomic Theory II

3 Credits

Introduces foundational models of economic growth and macroeconomic fluctuations. Presents the Solow Growth Model, the Ramsey-Cass-Koopmans Growth Model, and the Diamond Growth Model. Develops the New Growth Theory by incorporating research and development activity and human capital investment. Examines short-run macroeconomic fluctuations using the traditional and new Keynesian models.