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Thunder Bay • Orillia

Economics (ECON) Graduate Courses Listing - Advanced Macroeconomics II

Economics 5118 Advanced Macroeconomics II
Research methods of macroeconomics involving both continuous-time and discrete-time specifications. Deriving and analyzing phase diagrams and solving linear expectational difference equations using the method of undetermined coefficients. The range of models used for this purpose include: Solow growth model, endogenous growth theories, real business cycle models, traditional IS-LM/AD-AS model with rational expectations, and new models of macroeconomic stabilization theory and policy. Particular attention will be paid to explaining the underlying logic of mathematical macroeconomic models at an intuitive level.
Credit Weight: 0.5
Offering: 3-1.5; or 3-1.5