Macroeconomic Theory II
Level:
Master's Course Status:
Core CEU code:
ECON 5039 - Macroeconomic Theory II CEU credits:
5 ECTS credits:
10 Term:
1st Academic year:
2009/2010 Academic year:
2010/2011 Academic year:
2011/2012 Semester:
Winter Host Unit:
Department of Economics Academic Program:
Master of Arts in Economics CEU Instructor(s):
Katrin Rabitsch CEU Instructor(s):
Alessia Campolmi Learning Outcomes:
i) understanding of the general framework used to study
macro issues in modern macro
ii) development of technical skills that enable students to critically
evaluate core papers in the field,
iii) development of skills that enable students to apply what they
have learned to everyday macro issue they can find in economic newspapers.
Assessment :
Grading will be based on a final examination (85%) and on bi-weekly
homeworks (15%). Full description:
The course is aimed at providing a basic background in the field of graduate
macroeconomics. The focus will be on real and monetary models of the business cycle.
The main aim of this course is to acquaint students with the modern
macro theory at a graduate level and to give them the tools necessary to be able to take more
advanced, topic-specific, macro courses.
This course is designed for first year master students and, therefore, it is aimed at providing a basic
background in the field of graduate macroeconomics. During Macroeconomics I students
familiarized with the basic models for economic growth, consumption and investment theory and
labour markets. In Macroeconomics II we build up on the technical skills acquired during the first
course and study more in details the modern theory of business cycle. In particular, the course will
be divided into two parts. The first part (weeks 1-6, Katrin Rabitsch) will focus on the Real
Business Cycle while the second part (weeks 7-12, Alessia Campolmi) will concentrate on the
relation between real and nominal variables presenting basic models used in Monetary Economics.
Walsh, Carl E. (2003). Monetary Theory and Policy. Second Edition, MIT Press
