This is a graduate course in macroeconomic theory and policy.

Part A: Review of tools for solving dynamic macro models

Part B: Review of traditional AD-AS models
Traditional macro-models: a synthetic framework
Money neutrality and rational expectations

Part C: Microfounded general macro models
The centralized economy (social planner’s solution)
The stochastic neoclassical growth model (RBC approach)
A brief history of growth
Decentralized versus centralized economy
Monetary economies, price fixities and imperfect competition
Financial constraints and the macro economy
Uncertainty, risk and asset pricing

Part D: Models of Economic Policy
Economic policy: do we need it?
Exogenous economic policy: some important models
Optimal economic policy: some important models