The students

-       are introduced to the intermediate knowledge of macroeconomics with a focus on growth, trade and macroeconomic policy,

-       are introduced to different types of macroeconomic modelling,

-       learn to understand and analyse macroeconomic problems and situations.

Contents:

The course will introduce the students to the following topics:

-       Growth Models

-       Real Business Cycle Theory

-       International Trade Theory

-       Money, Interest and Exchange Rates

-       Prices and Exchange Rates in the Long Run

-       Open Economy Macroeconomics I: The Long Run

-       Open Economy Macroeconomics II: The Short Run

-       International Trade Policies

-       Infinite-Horizon and Overlapping-Generations Models

-       Dynamic Stochastic General-Equilibrium Models of Fluctuations

-       Cross-Country Income Differences