Macroeconomics: Business Cycles

4 units · Graduate courses (200-299)

Lecture, three hours. Survey of representative agent and complete market models of short-run fluctuations. Facts about fluctuations and long-term growth. Real business cycle theory. Calibrating and simulating dynamic models. Asset prices, money, and inflation. Taxation of factor incomes. Cyclical aspects of employment. S/U or letter grading.