Intermediate Macro

This is a second year undergraduate course in macroeconomics, which is aimed for students who have a deeper interest in macroeconomics. The course presents and analyzes important macroeconomic theories through formal models. We also look at some examples of empirical work, which illustrate the ways that theories can be applied and tested. Some of the topics covered are: growth, business cycles, consumption, unemployment, fiscal policy and budget deficits. The course largely follows Williamson’s Macroeconomics textbook (Prentice Hall). Lecture notes and problem sets can be found on the course's Moodle page.

Topic 1: Introduction & Measurement

Required Reading: Williamson: Macroeconomics, chapter 1 & 2

Additional Reading:

The Economist (2009): Measuring what matters

The Economist (2011): Lies, flame-grilled lies and statistics

The Economist (2011): Beefed-up burgernomics

Topic 2: Growth

2.1 Growth facts and the Malthusian model

RR: Williamson: Macroeconomics, chapter 6 (pp 190-207)

AR:

The Economist (2009): Falling fertility

The Economist (2009): Go forth and multiply a lot less