| Class Id | 8503 |
| Days | TTh |
| Start time | 09:00 AM |
| End time | 10:30 AM |
| Building | FISHH |
| Room | B02 |
| Course Id | 3751 |
| Dept and Number | ECO 522 |
| Area | |
| Title | Advanced Macroeconomic Theory II |
| Description | Macro implications of micro imperfections. The "cleansing" effect of recessions and the impact of allocative versus aggregate shocks. Recent models of consumption and empirical tests of risk-sharing. How the distribution of income or wealth affects aggregate growth and fluctuations. Role of imperfect credit markets, distributional conflict and political economy. Endogenous, skill-biased, technological change and human capital accumulation; implications for growth and social mobility. |
| Prerequisites | |
| Professor | Christopher A. Sims |
| Professor | Thomas J. Sargent |