— Macroeconomic Theory
Interaction between financial markets’ frictions and macroeconomic fluctuations. Leverage and the financial accelerator, fire sales, credit booms and busts, liquidity, the role of intermediaries and the risk of bank runs, speculative bubbles, and incomplete markets and precautionary savings.
Prerequisites & course information
Course Description: Interaction between financial markets’ frictions and macroeconomic fluctuations. Leverage and the financial accelerator, fire sales, credit booms and busts, liquidity, the role of intermediaries and the risk of bank runs, speculative bubbles, and incomplete markets and precautionary savings. Learning Activities: Lecture 3 hour(s), Discussion 1 hour(s). Grade Mode: Letter. Learning Activities: Lecture 3 hour(s), Discussion 1 hour(s). Grade Mode: Letter.
Sources
- Course catalogue ↗2026-2027