Since the 1970s, macroeconomics has witnessed a methodological shift away from models based on relationships among aggregate variables in favor of models based on optimizing individual behavior in multiperiod settings. This course will develop skills and introduce concepts and techniques necessary to understand these models. Likely topics include the Solow growth model, dynamic consumption theory, the equity-premium puzzle, and real-business-cycle theory. This course introduces some graduate-level material and makes intensive use of mathematics.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Fulfills a Major Requirement for: (ECON-MN)(ECON)(MECO)
||Past Enrollment Probability: Not Available
|Major Readings: Wesleyan RJ Julia Bookstore
F. Bagliano and G. Bertola, MODELS FOR DYNAMIC MACROECONOMICS, Oxford.
M. Wickens, MACROECONOMIC THEORY: A DYNAMIC GENERAL EQUILIBRIUM APROACH, Princeton.
Selected academic journal articles.
|Examination and Assignments: |
5-8 problem sets, 2 midterm exams, writing project and a comprehensive final exam.
|Instructor(s): Craighead,Bill Times: .M.W... 02:40PM-04:00PM; Location: PAC002; |
|Total Enrollment Limit: 25||SR major: 15||JR major: 10|| || |
|Seats Available: 9||GRAD: X||SR non-major: 0||JR non-major: 0||SO: 0||FR: 0|
|Web Resources: |