This is an intermediate level course in macroeconomic theory and practice oriented toward industrial economy issues, with explicit reference to global economic and financial developments. It was offered to graduate students at the Fletcher School in the academic years 2017-2018 and 2018-2019.
To familiarize students with the main concepts and the analytical and empirical tools required to analyze macroeconomic developments and policies, in the short, the medium and the long run.
Principal Learning Objectives
1, The use of short-run and medium-run Keynesian models of the interactions of goods, financial and labor markets
2. The analysis of the determination of output, employment, inflation, interest rates, exchange rates and the current account
3. The analysis of the short run and medium term implications of monetary and fiscal policies
4. The treatment of the distinction between stocks and flows in the medium run
5. The role of expectations
6. The explanation and implications of financial crises
7. The determinants and implications of long-run economic growth