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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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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

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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 FactsThe basic model: the consumption/saving choiceAllowing for a labor/leisure choice (the RBC model)Allowing for non trivial investment decisionsAllowing for two goodsIntroducing moneyIntroducing price settingIntroducing staggering of price decisionsApplications to fiscal and monetary policy MATLAB® is a trademark of The MathWorks, Inc. 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 FactsThe basic model: the consumption/saving choiceAllowing for a labor/leisure choice (the RBC model)Allowing for non trivial investment decisionsAllowing for two goodsIntroducing moneyIntroducing price settingIntroducing staggering of price decisionsApplications to fiscal and monetary policy MATLAB® is a trademark of The MathWorks, Inc.

Subjects

Economics | Economics | Macroeconomics | Macroeconomics | fluctuations | fluctuations | consumption | consumption | saving | saving | money | money | labor | labor | leisure | leisure | investment | investment | goods | goods | price setting | price setting | fiscal policy | fiscal policy | monetary policy | monetary 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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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

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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14.452 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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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

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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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

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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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

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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14.452 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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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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14.02 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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14.452 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.

Subjects

Economics | Macroeconomics | macroeconomics | fluctuations | consumption | saving | choice | labor | leisure | RBC model | non trivial investment decisions | money | price setting | staggering price decisions | fiscal policy | monetary policy. | monetary 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 https://ocw.mit.edu/terms/index.htm

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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

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 https://ocw.mit.edu/terms/index.htm

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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.

Subjects

principles of macroeconomics | measuring macroeconomic variables | production functions | labor markets | consumption | investment | economic growth | IS-LM model | AS-AD model | classical business policy | price rigidity | wage rigidity | monetary policy | fiscal policy | economic crises | policy in an open economy | 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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14.452 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.

Subjects

macroeconomics | theory | fluctuations | the basic model | consumption/saving choice | the RBC model | the labor/leisure choice | non-trivial investment decisions | two-good analysis | money | price setting | the ?new Keynesian? model | monetary 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 https://ocw.mit.edu/terms/index.htm

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The Credit Crunch and Global Recession

Description

A podcast series about the credit crunch and global recession featuring Oxford academics. This series will examine how the current crisis developed, analyse market and government responses to it, and look at what might happen next.

Subjects

simple-podcasting | tpi3 | credit crunch | recession | fiscal policy | banking | banks | bail-out | nationalisation | nationalization | obama | money | businesses | quantitative easing | economics | keynesian | keynesianism | macroeconomics | checked1 | 1 | green new deal | environment | woolworths | bail out | bank | finance | economy | monetary policy | global recovery | budget | gordon brown | green shoots | g20 | summit | regulation | crisis | financial crisis | depression | financial reform | he - social studies | vat | l130 | n310 | l173 | l150 | l100 | l113 | imf | Social studies | L000

License

Attribution-Noncommercial-Share Alike 2.0 UK: England & Wales Attribution-Noncommercial-Share Alike 2.0 UK: England & Wales http://creativecommons.org/licenses/by-nc-sa/2.0/uk/ 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.

Subjects

credit crunch | recession | economy | macroeconomics | monetary policy | banking | l130 | ukoer | Social studies | L000

License

Attribution-Noncommercial-Share Alike 2.0 UK: England & Wales Attribution-Noncommercial-Share Alike 2.0 UK: England & Wales http://creativecommons.org/licenses/by-nc-sa/2.0/uk/ http://creativecommons.org/licenses/by-nc-sa/2.0/uk/

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Intermediate Macroeconomics

Description

In this course, the student will build on and apply what was learned in the introductory macroeconomics course. The student will use the concepts of output, unemployment, inflation, consumption, and investment to study the dynamics of an economy at a more advanced level. As the course progresses, the student will gain a better appreciation for how policy shifts and changes in one sector impact the rest of the macroeconomy (whether the impacts are intended or unintended). The student will also examine the causes of inflation and depression, and discuss various approaches to responding to them. By the end of this course, the student should be able to think critically about the economy and develop a unique perspective on various issues. This free course may be completed online at any time

Subjects

gross domestic product | macroeconomics | employment | unemployment | consumption | capital | investment | fiscal policy | models | monetary policy | Social studies | L000

License

Attribution 2.0 UK: England & Wales Attribution 2.0 UK: England & Wales http://creativecommons.org/licenses/by/2.0/uk/ http://creativecommons.org/licenses/by/2.0/uk/

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Intermediate Macroeconomics

Description

In this course, the student will build on and apply what was learned in the introductory macroeconomics course. The student will use the concepts of output, unemployment, inflation, consumption, and investment to study the dynamics of an economy at a more advanced level. As the course progresses, the student will gain a better appreciation for how policy shifts and changes in one sector impact the rest of the macroeconomy (whether the impacts are intended or unintended). The student will also examine the causes of inflation and depression, and discuss various approaches to responding to them. By the end of this course, the student should be able to think critically about the economy and develop a unique perspective on various issues. This free course may be completed online at any time

Subjects

gross domestic product | macroeconomics | employment | unemployment | consumption | capital | investment | fiscal policy | models | monetary policy | Social studies | L000

License

Attribution 2.0 UK: England & Wales Attribution 2.0 UK: England & Wales http://creativecommons.org/licenses/by/2.0/uk/ http://creativecommons.org/licenses/by/2.0/uk/

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Money and Banking / Financial Economics

Description

This course is designed to provide a thorough understanding of the importance of money, banking, and financial markets of a developed economy. Money, financial institutions, and financial markets have emerged as instruments of payments for the services of factors of production, such as labor and capital. The use of money facilitates business in a market by acting as a common medium of exchange. Of course, as that market expands and develops on a national and international level, the importance of money, banking, and other financial markets expands to accommodate innumerable exchanges. This free course may be completed online at any time. See course site for detailed overview and learning outcomes. (Economics 302)

Subjects

money | banking | financial | markets | monetary policy | theory of rational expectations | efficient market hypothesis | non-bank finance | multiple deposit creation | international financial system | monetary theory | keynesian framework | islm model | Social studies | L000

License

Attribution 2.0 UK: England & Wales Attribution 2.0 UK: England & Wales http://creativecommons.org/licenses/by/2.0/uk/ http://creativecommons.org/licenses/by/2.0/uk/

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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.

Subjects

macroeconomics | theory | fluctuations | the basic model | consumption/saving choice | the RBC model | the labor/leisure choice | non-trivial investment decisions | two-good analysis | money | price setting | the ?new Keynesian? model | monetary 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 https://ocw.mit.edu/terms/index.htm

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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.

Subjects

principles of macroeconomics | measuring macroeconomic variables | production functions | labor markets | consumption | investment | economic growth | IS-LM model | AS-AD model | classical business policy | price rigidity | wage rigidity | monetary policy | fiscal policy | economic crises | policy in an open economy | 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 https://ocw.mit.edu/terms/index.htm

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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 FactsThe basic model: the consumption/saving choiceAllowing for a labor/leisure choice (the RBC model)Allowing for non trivial investment decisionsAllowing for two goodsIntroducing moneyIntroducing price settingIntroducing staggering of price decisionsApplications to fiscal and monetary policy MATLAB® is a trademark of The MathWorks, Inc.

Subjects

Economics | Macroeconomics | fluctuations | consumption | saving | money | labor | leisure | investment | goods | price setting | fiscal policy | monetary 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 https://ocw.mit.edu/terms/index.htm

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

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 https://ocw.mit.edu/terms/index.htm

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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.

Subjects

macroeconomics | theory | fluctuations | the basic model | consumption/saving choice | the RBC model | the labor/leisure choice | non-trivial investment decisions | two-good analysis | money | price setting | the ?new Keynesian? model | monetary 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 https://ocw.mit.edu/terms/index.htm

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