ECON 412 - Topics in Macroeconomics
Section: 002 Monetary Theory and Policy
Term: FA 2012
Subject: Economics (ECON)
Department: LSA Economics
Waitlist Capacity:
Enforced Prerequisites:
ECON 402 with a grade of at least C-; or Graduate standing.
May be elected twice for credit. May be elected more than once in the same term.
Rackham Information:
Rackham credit requires additional work.
Primary Instructor:

In this course we will study important macroeconomic issues using the overlapping generations framework. We will first learn how the overlapping generations approach works. Then we apply this modeling tool to a number of issues such as the determinants of price level and inflation, monetary stabilization policy, the relationship between monetary and fiscal policy, government deficits, and exchange rate policy. We will also study banking, its regulation, and financial stability. We will also talk about the late-2000s financial crisis and the Great Depression of the 1930s.

The material would be based on the textbook by Champ and Freeman "Modeling Monetary Economies", and would be complemented by articles from J. of Economic Perspectives, J. of Economic Literature, Economist and chapters from books such as "Animal spririts" by Akerlof and Shiller and "Manias, panics, and crashes" by Kindleberger and Aliber.

ECON 412 - Topics in Macroeconomics
Schedule Listing
002 (LEC)
TuTh 1:00PM - 2:30PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.

ISBN: 0521177006
Modeling monetary economies, Author: Bruce Champ, Scott Freeman, Joseph Haslag., Publisher: Cambridge University Press 3rd ed.
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