Macroeconomics

3 Credits · Level: Graduate

Macroeconomics examines the aggregate outcomes that result from the many interactions among the main economic actors in the economy. The course will start by focusing on the main measures of the different aggregate components of the economy. The course will then dive into how equilibrium is reached in different markets in the macroeconomy, including the labor market, the credit market and the monetary system. Then, the course will explore what drives short term fluctuations in economic performance and the role of countercyclical policies (including fiscal and monetary policies), paying close attention to the Great Recession and the Pandemic Recession and their aftermaths. The course will then turn to how economies interact with each other through trade and capital flows. Importantly, the course will consider the determinants of long-run growth and development and why some countries have better economic performance than others.