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14.462 Advanced Macroeconomics II (MIT) 14.462 Advanced Macroeconomics II (MIT)

Description

14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include: Growth and Fluctuations Heterogeneity and Incomplete Markets Optimal Fiscal Policy Time Inconsistency Reputation Coordination Games and Macroeconomic Complementarities Information 14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include: Growth and Fluctuations Heterogeneity and Incomplete Markets Optimal Fiscal Policy Time Inconsistency Reputation Coordination Games and Macroeconomic Complementarities Information

Subjects

macroeconomics research; analytical tools; analysis; endogenous growth; coordintation; incomplete markets; technolgy; distribution; employment; intellectual property rights; bounded rationality; demographics; complementarities; amplification; recursive equilibria; uncertainty; morris; shin; global games; policy; price; aggregation; social learning; dynamic adjustment; business cycle; heterogeneous agents; savings; utility; aiyagari; steady state; krusell; smith; idiosyncratic investment risk | macroeconomics research; analytical tools; analysis; endogenous growth; coordintation; incomplete markets; technolgy; distribution; employment; intellectual property rights; bounded rationality; demographics; complementarities; amplification; recursive equilibria; uncertainty; morris; shin; global games; policy; price; aggregation; social learning; dynamic adjustment; business cycle; heterogeneous agents; savings; utility; aiyagari; steady state; krusell; smith; idiosyncratic investment risk | macroeconomics research | macroeconomics research | analytical tools | analytical tools | analysis | analysis | endogenous growth | endogenous growth | coordintation | coordintation | incomplete markets | incomplete markets | technolgy | technolgy | distribution | distribution | employment | employment | intellectual property rights | intellectual property rights | bounded rationality | bounded rationality | demographics | demographics | complementarities | complementarities | amplification | amplification | recursive equilibria | recursive equilibria | uncertainty | uncertainty | morris | morris | shin | shin | global games | global games | policy | policy | price | price | aggregation | aggregation | social learning | social learning | dynamic adjustment | dynamic adjustment | business cycle | business cycle | heterogeneous agents | heterogeneous agents | savings | savings | utility | utility | aiyagari | aiyagari | steady state | steady state | krusell | krusell | smith | smith | idiosyncratic investment risk | idiosyncratic investment risk | growth | growth | fluctuations | fluctuations | heterogeneity | heterogeneity | optimal fiscal policy | optimal fiscal policy | time inconsistency | time inconsistency | reputation | reputation | information | information | coordination games | coordination games

License

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Credit Crunch Live

Description

Economics students of St Edmund Hall, University of Oxford pose questions to a panel of experts about the credit crunch and global recession. Wales; http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

Subjects

quantitative easing | macroeconomics | credit crunch | nationalization | money | keynesian | economics | recession | banking | bail-out | businesses | fiscal policy | nationalisation | banks | keynesianism | VAT | obama | quantitative easing | macroeconomics | credit crunch | nationalization | money | keynesian | economics | recession | banking | bail-out | businesses | fiscal policy | nationalisation | banks | keynesianism | VAT | obama

License

http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

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Challenging Macroeconomics

Description

In part 6, our experts examine new models for monetary and fiscal policy, global financial markets and a world economy characterised by global imbalances. Wales; http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

Subjects

macroeconomics | credit crunch | recession | banking | monetary policy | economy | macroeconomics | credit crunch | recession | banking | monetary policy | economy

License

http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

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14.454 Macroeconomic Theory IV (MIT) 14.454 Macroeconomic Theory IV (MIT)

Description

This half-term course covers the macroeconomic implications of imperfections in labor markets, goods markets, credit and financial markets. The role of nominal rigidities is also an area of focus. This half-term course covers the macroeconomic implications of imperfections in labor markets, goods markets, credit and financial markets. The role of nominal rigidities is also an area of focus.

Subjects

macroeconomic implications of imperfections in labor markets | macroeconomic implications of imperfections in labor markets | macroeconomics | macroeconomics | goods markets | goods markets | credit markets | credit markets | financial markets | financial markets | nominal rigidities | nominal rigidities

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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11.481J Analyzing and Accounting for Regional Economic Change (MIT) 11.481J Analyzing and Accounting for Regional Economic Change (MIT)

Description

In this course students examine and critique accounting frameworks, including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. They also assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of U.S. and foreign applications and their relation will be featured in the class. In this course students examine and critique accounting frameworks, including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. They also assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of U.S. and foreign applications and their relation will be featured in the class.

Subjects

economic growth | economic growth | international economies | international economies | developing countries | developing countries | growth | growth | restructuring | restructuring | innovation | innovation | accounting | accounting | industrialized and emerging countries | industrialized and emerging countries | accounting frameworks | accounting frameworks | microeconomics | microeconomics | macroeconomics | macroeconomics | political economy | political economy | china and the united states | china and the united states | ESD.284J | ESD.284J | 11.481 | 11.481 | 1.284 | 1.284 | ESD.284 | ESD.284 | 11.418 | 11.418 | ESD.192 | ESD.192

License

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Accounting for Regional Economic Change (MIT) Accounting for Regional Economic Change (MIT)

Description

This class surveys theories of regional growth, factor mobility, clustering, industrial restructuring, learning regions, and global supply chains from a political-economy perspective. It examines and critiques accounting frameworks including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. It will assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of U.S. and foreign applications and their relation will be featured in the class. This class surveys theories of regional growth, factor mobility, clustering, industrial restructuring, learning regions, and global supply chains from a political-economy perspective. It examines and critiques accounting frameworks including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. It will assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of U.S. and foreign applications and their relation will be featured in the class.

Subjects

economic growth | economic growth | international economies | international economies | developing countries | developing countries | growth | growth | restructuring | restructuring | innovation | innovation | accounting | accounting | industrialized and emerging countries | industrialized and emerging countries | accounting frameworks | accounting frameworks | microeconomics | microeconomics | macroeconomics | macroeconomics | political economy | political economy | china and the united states | china and the united states

License

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11.481J Analyzing and Accounting for Regional Economic Change (MIT) 11.481J Analyzing and Accounting for Regional Economic Change (MIT)

Description

Students examine and critique accounting frameworks, including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. They also assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of US and foreign applications and their relation will be featured in the class. Students examine and critique accounting frameworks, including accounting for the underground economy, multipliers, linkages, and supply chains used to assess employment and environmental impacts and infrastructure investments. They also assess the value of price indices, industrial location and employment measures, and shift-share analyses. Discussions of US and foreign applications and their relation will be featured in the class.

Subjects

economic growth | economic growth | international economies | international economies | developing countries | developing countries | growth | growth | restructuring | restructuring | innovation | innovation | accounting | accounting | industrialized and emerging countries | industrialized and emerging countries | accounting frameworks | accounting frameworks | microeconomics | microeconomics | macroeconomics | macroeconomics | political economy | political economy | china and the united states | china and the united states | 11.481 | 11.481 | 1.284 | 1.284 | ESD.284 | ESD.284

License

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14.452 Macroeconomic Theory II (MIT) 14.452 Macroeconomic Theory II (MIT)

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 nine 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; Introducing staggering of price decisions; and Applications to fiscal and monetary policy. 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 nine 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; Introducing staggering of price decisions; and Applications to fiscal and monetary policy.

Subjects

Economics | Economics | Macroeconomics | Macroeconomics | macroeconomics | macroeconomics | fluctuations | fluctuations | consumption | consumption | saving | saving | choice | choice | labor | labor | leisure | leisure | RBC model | RBC model | non trivial investment decisions | non trivial investment decisions | money | money | price setting | price setting | staggering price decisions | staggering price decisions | fiscal policy | fiscal policy | monetary policy. | monetary policy. | monetary policy | monetary policy

License

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14.461 Advanced Macroeconomics I (MIT) 14.461 Advanced Macroeconomics I (MIT)

Description

14.461 is an advanced course in macroeconomics that seeks to bring students to the research frontier. The course is divided into two sections. The first half is taught by Prof. Iván Werning and covers topics such as how to formulate and solve optimal problems. Students will study fiscal and monetary policy, among other issues. The second half, taught by Prof. George-Marios Angeletos, covers recent work on multiple equilibria, global games, and informational fictions. 14.461 is an advanced course in macroeconomics that seeks to bring students to the research frontier. The course is divided into two sections. The first half is taught by Prof. Iván Werning and covers topics such as how to formulate and solve optimal problems. Students will study fiscal and monetary policy, among other issues. The second half, taught by Prof. George-Marios Angeletos, covers recent work on multiple equilibria, global games, and informational fictions.

Subjects

macroeconomics | macroeconomics | macroeconomic theory | macroeconomic theory | policy | policy | fiscal policy | fiscal policy | monetary policy | monetary policy | research | research | business cycles | business cycles | financial crisis | financial crisis | global games | global games | multiple equilibria | multiple equilibria | informational fictions | informational fictions

License

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14.462 Advanced Macroeconomics II (MIT) 14.462 Advanced Macroeconomics II (MIT)

Description

Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models). Professor Lorenzoni will cover demand shocks, macroeconomic effects of news (with or without nominal rigidities), investment with credit constraints, and liquidity with its aggregate effects. Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models). Professor Lorenzoni will cover demand shocks, macroeconomic effects of news (with or without nominal rigidities), investment with credit constraints, and liquidity with its aggregate effects.

Subjects

macroeconomics | macroeconomics | advanced | advanced | Shocks | Shocks | Reallocation | Reallocation | unemployment | unemployment | Dynamic stochastic general equilibrium models | Dynamic stochastic general equilibrium models | DSGE | DSGE | Investment with credit constraints | Investment with credit constraints | Liquidity | Liquidity | aggregate effects | aggregate effects

License

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14.452 Macroeconomic Theory II (MIT) 14.452 Macroeconomic Theory II (MIT)

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. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the "new Keynesian" model, monetary policy, and fiscal policy. 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. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the "new Keynesian" model, monetary policy, and fiscal policy.

Subjects

macroeconomics | macroeconomics | theory | theory | fluctuations | fluctuations | the basic model | the basic model | consumption/saving choice | consumption/saving choice | the RBC model | the RBC model | the labor/leisure choice | the labor/leisure choice | non-trivial investment decisions | non-trivial investment decisions | two-good analysis | two-good analysis | money | money | price setting | price setting | the ?new Keynesian? model | the ?new Keynesian? model | monetary policy | monetary policy | fiscal policy | fiscal policy

License

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14.451 Macroeconomic Theory I (MIT) 14.451 Macroeconomic Theory I (MIT)

Description

Introduction to the theories of economic growth. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited. Introduction to the theories of economic growth. Topics will include basic facts of economic growth and long-run economic development; brief overview of optimal control theory and dynamic programming; basic neoclassical growth model under a variety of market structures; human capital and economic growth; endogenous growth models; models with endogenous technology; models of directed technical change; competition, market structure and growth; financial and economic development; international trade and economic growth; institutions and economic development. This is a half-term subject. The class size is limited.

Subjects

macroeconomic theory | macroeconomic theory | macroeconomics | macroeconomics | solow growth model | solow growth model | neoclassical growth model | neoclassical growth model | endogenous growth | endogenous growth | human capital | human capital | Bellman equation | Bellman equation | theory of optimal control | theory of optimal control | dynamic programming | dynamic programming | GDP | GDP | per capita income | per capita income | asset pricing | asset pricing | public finance | public finance | overlappiing generations | overlappiing generations | AK | AK | spillovers | spillovers | expanding variety models | expanding variety models | Sala-i-Martin | Sala-i-Martin | Daron Acemoglu | Daron Acemoglu | Barro | Barro

License

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14.02 Principles of Macroeconomics (MIT) 14.02 Principles of Macroeconomics (MIT)

Description

This course provides an overview of the following macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are public debt and international economic issues. This course also introduces basic models of macroeconomics and illustrates principles with the experience of the United States and other economies. This course provides an overview of the following macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are public debt and international economic issues. This course also introduces basic models of macroeconomics and illustrates principles with the experience of the United States and other economies.

Subjects

macroeconomics | macroeconomics | economics | economics | output | output | employment | employment | determination | determination | unemployment | unemployment | interest rates | interest rates | Federal Reserve | Federal Reserve | inflation | inflation | monetary policy | monetary policy | fiscal policy | fiscal policy | public debt | public debt | international economics | international economics | goods market | goods market | market | market | financial markets | financial markets | open economy | open economy | exchange rate | exchange rate | labor market | labor market | phillips curve | phillips curve | growth | growth | Solow's model | Solow's model | MACROECONOMICS | MACROECONOMICS | ECONOMICS | ECONOMICS | OUTPUT | OUTPUT | Macroeconomics | Macroeconomics | EMPLOYMENT | EMPLOYMENT | DETERMINATION | DETERMINATION | UNEMPLOYMENT | UNEMPLOYMENT | INTEREST RATES | INTEREST RATES | FEDERAL RESERVE | FEDERAL RESERVE | INFLATION | INFLATION | MONETARY POLICY | MONETARY POLICY | FISCAL POLICY | FISCAL POLICY | PUBLIC DEBT | PUBLIC DEBT | INTERNATIONAL ECONOMICS | INTERNATIONAL ECONOMICS | GOODS MARKET | GOODS MARKET | MARKET | MARKET | FINANCIAL MARKETS | FINANCIAL MARKETS | OPEN ECONOMY | OPEN ECONOMY | EXCHANGE RATE | EXCHANGE RATE | LABOR MARKET | LABOR MARKET | PHILLIPS CURVE | PHILLIPS CURVE | GROWTH | GROWTH | SOLOW'S MODEL | SOLOW'S MODEL | Economics | Economics | Output | Output | Employment | Employment | Determination | Determination | Unemployment | Unemployment | Interest Rates | Interest Rates | Inflation | Inflation | Monetary Policy | Monetary Policy | Fiscal Policy | Fiscal Policy | Public Debt | Public Debt | International Economics | International Economics | Goods Market | Goods Market | Market | Market | Financial Markets | Financial Markets | Open Economy | Open Economy | Exchange Rate | Exchange Rate | Labor Market | Labor Market | Phillips Curve | Phillips Curve | Growth | Growth | Solow's Model | Solow's Model

License

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14.06 Intermediate Macroeconomic Theory (MIT) 14.06 Intermediate Macroeconomic Theory (MIT)

Description

This course is a survey of modern macroeconomics at a quite advanced level. Topics include the neoclassical growth model, overlapping generations, endogenous growth models, business cycles, incomplete nominal adjustment, incomplete financial markets, fiscal and monetary policy, consumption and savings, and unemployment. The course is also an introduction to the mathematical tools used in modern macroeconomics, including dynamic systems, optimal control, and dynamic programming. This course is a survey of modern macroeconomics at a quite advanced level. Topics include the neoclassical growth model, overlapping generations, endogenous growth models, business cycles, incomplete nominal adjustment, incomplete financial markets, fiscal and monetary policy, consumption and savings, and unemployment. The course is also an introduction to the mathematical tools used in modern macroeconomics, including dynamic systems, optimal control, and dynamic programming.

Subjects

advanced macroeconomics | advanced macroeconomics | dynamic programming | dynamic programming | neoclassical theory | neoclassical theory | new growth theory | new growth theory | consumption | consumption | saving behavior | saving behavior | investment | investment | unemployment | unemployment | financial markets | financial markets | asset pricing | asset pricing | public finance | public finance | externalities | externalities | research and development | research and development | innovation | innovation | business cycles | business cycles | nominal adjustment | nominal adjustment

License

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14.06 Intermediate Macroeconomic Theory (MIT) 14.06 Intermediate Macroeconomic Theory (MIT)

Description

This course is a survey of modern macroeconomics at a fairly advanced level. Topics include neoclassical and new& growth theory, consumption and saving behavior, investment, and unemployment. It also includes use of the dynamic programming techniques. Assignments include problem sets and written discussions of macroeconomic events. This course is recommended for students planning to apply to graduate school in economics. This course is a survey of modern macroeconomics at a fairly advanced level. Topics include neoclassical and new& growth theory, consumption and saving behavior, investment, and unemployment. It also includes use of the dynamic programming techniques. Assignments include problem sets and written discussions of macroeconomic events. This course is recommended for students planning to apply to graduate school in economics.

Subjects

advanced macroeconomics | advanced macroeconomics | dynamic programming | dynamic programming | neoclassical and new growth theory | neoclassical and new growth theory | consumption and saving behavior | consumption and saving behavior | investment | investment | unemployment | unemployment

License

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15.015 Macro and International Economics (MIT) 15.015 Macro and International Economics (MIT)

Description

15.015 Macro and International Economics focuses on the policy and economic environment of firms. This subject divided in three parts. The first part of the course is a study of the closed economy and how monetary and fiscal policy interacts with employment, GNP, inflation, and interest rates. Next, the course provides an examination of national economic strategies for development and growth and recent financial and currency crises in emerging markets. Finally, the course addresses the problems faced by transition economies and the role of institutions both as the engine of growth, and as the constraints for policy. 15.015 Macro and International Economics focuses on the policy and economic environment of firms. This subject divided in three parts. The first part of the course is a study of the closed economy and how monetary and fiscal policy interacts with employment, GNP, inflation, and interest rates. Next, the course provides an examination of national economic strategies for development and growth and recent financial and currency crises in emerging markets. Finally, the course addresses the problems faced by transition economies and the role of institutions both as the engine of growth, and as the constraints for policy.

Subjects

international economics | international economics | macroeconomics | macroeconomics | BB-NN | BB-NN | IS-LM | IS-LM | fiscal policy | fiscal policy | inflation | inflation | financial sector dynamics | financial sector dynamics | exchange rates | exchange rates | banking crisis | banking crisis

License

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15.012 Applied Macro- and International Economics (MIT) 15.012 Applied Macro- and International Economics (MIT)

Description

15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate. The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources. 15.012 Applied Macro- and International Economics uses case studies to investigate the macroeconomic environment in which firms operate. The first half of the course develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. The class discusses recent emerging market and financial crises by examining their causes and considering how best to address them and prevent them from recurring in the future. The second half evaluates different strategies of economic development. Topics covered in the second half of this course include growth, the role of debt and foreign aid, and the reliance on natural resources.

Subjects

international economics | international economics | macroeconomics | macroeconomics | monetary policy | monetary policy | fiscal policy | fiscal policy | exchange rate policy | exchange rate policy | financial crisis | financial crisis | emerging market crisis | emerging market crisis | economic development | economic development | foreign aid | foreign aid | natural resources | natural resources

License

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15.014 Applied Macro- and International Economics (MIT) 15.014 Applied Macro- and International Economics (MIT)

Description

15.014 focuses on using case studies to investigate the macroenvironment in which firms operate. The course is divided in five parts: Basic tools of macroeconomic management Evaluation of different economic development strategies Crises in emerging markets: causes, solutions, and prevention Problems faced by transition economies Challenges of developed countries   This course is a full-term version of Applied Macro- and International Economics (15.012), with additional topics. 15.014 focuses on using case studies to investigate the macroenvironment in which firms operate. The course is divided in five parts: Basic tools of macroeconomic management Evaluation of different economic development strategies Crises in emerging markets: causes, solutions, and prevention Problems faced by transition economies Challenges of developed countries   This course is a full-term version of Applied Macro- and International Economics (15.012), with additional topics.

Subjects

macroeconomics | macroeconomics | international economics | international economics | world economies | world economies | global trade | global trade | economic policy | economic policy | inflation | inflation | interest rates | interest rates | exchange rates | exchange rates | national economic strategies | national economic strategies | developing nations | developing nations | currency crisis | currency crisis | transition economies | transition economies | global markets | global markets | world bank | world bank | IMF | IMF | international monetary fund | international monetary fund | monetary policy | monetary policy | depression | depression | unemployment | unemployment | international financial architecture | international financial architecture

License

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14.452 Macroeconomic Theory II (MIT) 14.452 Macroeconomic Theory II (MIT)

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. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the "new Keynesian" model, monetary policy, and fiscal policy. 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. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the "new Keynesian" model, monetary policy, and fiscal policy.

Subjects

macroeconomics | macroeconomics | theory | theory | fluctuations | fluctuations | the basic model | the basic model | consumption/saving choice | consumption/saving choice | the RBC model | the RBC model | the labor/leisure choice | the labor/leisure choice | non-trivial investment decisions | non-trivial investment decisions | two-good analysis | two-good analysis | money | money | price setting | price setting | the ?new Keynesian? model | the ?new Keynesian? model | monetary policy | monetary policy | fiscal policy | fiscal policy

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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Credit Crunch Live (Transcript)

Description

Economics students of St Edmund Hall, University of Oxford pose questions to a panel of experts about the credit crunch and global recession.

Subjects

quantitative easing | macroeconomics | credit crunch | nationalization | money | keynesian | economics | recession | banking | bail-out | businesses | fiscal policy | nationalisation | banks | keynesianism | VAT | obama | quantitative easing | macroeconomics | credit crunch | nationalization | money | keynesian | economics | recession | banking | bail-out | businesses | fiscal policy | nationalisation | banks | keynesianism | VAT | obama

License

http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

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Challenging Macroeconomics (Transcript)

Description

In part 6, our experts examine new models for monetary and fiscal policy, global financial markets and a world economy characterised by global imbalances.

Subjects

macroeconomics | credit crunch | recession | banking | monetary policy | economy | macroeconomics | credit crunch | recession | banking | monetary policy | economy

License

http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

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14.772 Development Economics: Macroeconomics (MIT) 14.772 Development Economics: Macroeconomics (MIT)

Description

Includes audio/video content: AV lectures. This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and banks and credit market institutions in emerging markets. At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class. Includes audio/video content: AV lectures. This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and banks and credit market institutions in emerging markets. At MIT, this course was team taught by Prof. Robert Townsend, who taught for the first half of the semester, and Prof. Abhijit Banerjee, who taught during the second half. On OCW we are only including materials associated with sessions one through 13, which comprise the first half of the class.

Subjects

development economics | development economics | macroeconomics | macroeconomics | aggregative growth theory | aggregative growth theory | returns to human capital | returns to human capital | population theory | population theory | technology | technology | returns to capital | returns to capital | non-aggregative growth models | non-aggregative growth models | finance | finance | property rights | property rights | trade | trade | reputation | reputation | history | history | culture | culture | political science | political science | environment | environment | emerging market economies | emerging market economies | measurement frameworks | measurement frameworks | neo-Classical standards | neo-Classical standards | interventions | interventions | mechanism design | mechanism design | applied general equilibrium development economics | applied general equilibrium development economics | supply-side | supply-side

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.05 Intermediate Macroeconomics (MIT) 14.05 Intermediate Macroeconomics (MIT)

Description

This course uses the tools of macroeconomics to study various macroeconomic policy problems in-depth. The problems range from economic growth in the long run, to government finances in the intermediate run, and economic stability in the short run. Many economic models used today are surveyed. This course uses the tools of macroeconomics to study various macroeconomic policy problems in-depth. The problems range from economic growth in the long run, to government finances in the intermediate run, and economic stability in the short run. Many economic models used today are surveyed.

Subjects

macroeconomics | macroeconomics | Solow Model | Solow Model | consumption | consumption | saving | saving | labor supply | labor supply | Ramsey model | Ramsey model | endogenous growth | endogenous growth | policy | policy | economics | economics | financial crisis | financial crisis

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.02 Principles of Macroeconomics (MIT) 14.02 Principles of Macroeconomics (MIT)

Description

This course is designed to introduce classic macroeconomic issues such as growth, inflation, unemployment, interest rates, exchange rates, technological progress, and budget deficits. The course will provide a unified framework to address these issues and to study the impact of different policies, such as monetary and fiscal policies, on the aggregate behavior of individuals. These analytical tools will be used to understand the recent experience of the United States and other countries and to address how current policy initiatives affect their macroeconomic performance. This course is designed to introduce classic macroeconomic issues such as growth, inflation, unemployment, interest rates, exchange rates, technological progress, and budget deficits. The course will provide a unified framework to address these issues and to study the impact of different policies, such as monetary and fiscal policies, on the aggregate behavior of individuals. These analytical tools will be used to understand the recent experience of the United States and other countries and to address how current policy initiatives affect their macroeconomic performance.

Subjects

principles of macroeconomics | principles of macroeconomics | measuring macroeconomic variables | measuring macroeconomic variables | production functions | production functions | labor markets | labor markets | consumption | consumption | investment | investment | economic growth | economic growth | IS-LM model | IS-LM model | AS-AD model | AS-AD model | classical business policy | classical business policy | price rigidity | price rigidity | wage rigidity | wage rigidity | monetary policy | monetary policy | fiscal policy | fiscal policy | economic crises | economic crises | policy in an open economy | policy in an open economy | global economic imbalances | global economic imbalances

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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14.772 Development Economics: Macroeconomics (MIT) 14.772 Development Economics: Macroeconomics (MIT)

Description

This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and, banks and credit market institutions in emerging markets. This course contributes to the fulfillment of requirements for the Development field for Economics Ph.D. students at both Harvard and MIT. This course is jointly taught by Harvard and MIT instructors. The Harvard course is Economics 2390c Development Economics II: Macroeconomic Issues. This course emphasizes dynamic models of growth and development. Topics covered include: migration, modernization, and technological change; static and dynamic models of political economy; the dynamics of income distribution and institutional change; firm structure in developing countries; development, transparency, and functioning of financial markets; privatization; and, banks and credit market institutions in emerging markets. This course contributes to the fulfillment of requirements for the Development field for Economics Ph.D. students at both Harvard and MIT. This course is jointly taught by Harvard and MIT instructors. The Harvard course is Economics 2390c Development Economics II: Macroeconomic Issues.

Subjects

development economics | development economics | macroeconomics | macroeconomics | aggregative growth theory | aggregative growth theory | returns to human capital | returns to human capital | population theory | population theory | technology | technology | returns to capital | returns to capital | non-aggregative growth models | non-aggregative growth models | finance | finance | property rights | property rights | trade | trade | reputation | reputation | history | history | culture | culture | political science | political science | enviroment | enviroment | emerging market economies | emerging market economies | measurement frameworks | measurement frameworks | neo-Classical standards | neo-Classical standards | interventions | interventions | mechanism design | mechanism design | applied general equilibrium development economics | applied general equilibrium development economics | supply-side | supply-side

License

Content within individual OCW courses is (c) by the individual authors unless otherwise noted. MIT OpenCourseWare materials are licensed by the Massachusetts Institute of Technology under a Creative Commons License (Attribution-NonCommercial-ShareAlike). For further information see http://ocw.mit.edu/terms/index.htm

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