Introduction to the Macroeconomics of Monetary and Fiscal Policy

Undergraduate / Graduate

This course examines monetary and fiscal issues in the macroeconomy. The first part of the course will focus on long-run topics in monetary economics, such as the nature of a monetary economy, inflation, the quantity theory of money, and the welfare cost of inflation. The second part of the course will focus on the macroeconomic implications of government expenditure, supply side economics, the Laffer curve, and the Ricardian equivalence theorem. An effort will be made to tackle these issues within unified and simple dynamic frameworks.