Macroeconomic Analysis

This course covers the theories of economic growth and business cycles and the conduct of public policies such as monetary and fiscal policies. The course will particularly focus on theoretical underpinnings of the models. In the first part, theories of exogenous and endogenous growth will be presented. In particular, the first part will cover the Solow growth model, neoclassical growth theory, and new growth theory. Empirical evidence will also be discussed. The second part presents theories of business cycles and the dynamics of consumption, saving, and investment. The third part explains the conduct of monetary and fiscal policies and their response to economic shocks.