14.452 Macroeconomic Theory II, Spring 2006
Clockwise
from left:
Woman Sitting in Row Boat, Jayme Thornton
Outdoor Marke in Bombay, India, EyeWire Collection
Person Working Rice Paddies, EyeWire Collection
Industrial Sunrise, Missouri, USA, Jeremy Woodhouse
All of Getty Images ‡
Course Description
This is the second course
in the four-quarter graduate sequence in macroeconomics. Its purpose is
to introduce the basic models macroeconomists use to study fluctuations.
The course is organized
around ten topics/sections:
- Fluctuations and Facts
- The basic model: the consumption/saving
choice
- Allowing for a labor/leisure choice
(the RBC model)
- Allowing for non
trivial investment decisions
- Allowing for two
goods
- Introducing money
- Introducing price
setting
- The “New
Keynesian” Model
- Monetary
policy
- Fiscal
Policy
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Staff
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Instructor:
Prof. Olivier Blanchard
TA:
Francisco
Gallego
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Course Meeting Times
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Lectures:
Monday and Wednesday 10:30 to 12:00,
E51-372
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Recitation:
Friday
10:30 to 12:00, E51-372
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