Class Id: 8503
Days: TTh
Start Time: 09:00 AM
End Time: 10:30 AM
Building: FISHH
Room: B02
Course Id: 3751
Departments and Numbers: 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:
Professors: Christopher A. Sims, Thomas J. Sargent
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Created by Bob Dondero.