Welcome to this course of Macroeconomics.
You will learn the main models that economists use to understand how different shocks, such as unexpected changes in policy or technology, may generate expansions and recessions, fluctuations in unemployment, or inflation. We will discuss how the different theoretical models may replicate important stylized facts concerning economic fluctuations (for example, if they can replicate the dynamics of investment or unemployment).
You will understand how alternative assumptions about the degree of competition or the level of price flexibility may generate different transmission mechanisms of shocks. We will also discuss how to use these models to design and assess the impact of different stabilization policies. For example, you will learn under which conditions monetary policy can be used to stabilize prices and to affect unemployment.
This course is part of the "Applied Macroeconomics" Program. If you wish to follow this course, you need to enrol via the Program at this link.
