This is the first part of the compulsory graduate course in Macroeconomics, of the MSc in Economics at the Athens University of Economics and Business. The course assumes some familiarity with undergraduate macroeconomics and basic mathematical tools.
The course focuses on models of economic growth, models of consumption and investment under uncertainty, models of money and prices, and alternative models of aggregate fluctuations, unemployment and inflation.
The course aims to present the main dynamic and dynamic stochastic general equilibrium (DSGE) models used in modern macroeconomic analysis and research, and to familiarize students with them as well as with current analytical methods and techniques.
The course covers the following topics: 1. Models of exogenous and endogenous growth. 2. Models of consumption and investment under uncertainty. 3. Models of the money market, the price level and inflation. 4. New Classical models of aggregate fluctuations. 5. New Keynesian models of aggregate fluctuations, unemployment and inflation.