ECON6302 - Macroeconomics Theory I

ECON 6302 Macroeconomics Theory I (3 semester credit hours) This course is the first in a sequence of core graduate macroeconomic theory courses. The main aim is to introduce students to the methods of deterministic dynamic analyses in economics. The second aim is to employ those methods in understanding aggregate empirical regularities as they pertain to economic growth with standard modern macroeconomic theory. Therefore, primary course aims include a thorough discussion of non-stochastic dynamics and optimization. Next, using these methods, exogenous and endogenous growth applications that illustrate the applied general equilibrium analyses that comprise modern macroeconomic growth theory are discussed. The course concludes with an introduction to non-stochastic overlapping generations models and discusses the role of dynamic efficiency in macroeconomic theory. (3-0) Y