Course Outline

 1.  Introduction

Part 1 – Old Macro

2.  Classical Economics – Steve Greenlaw
3.  The Economics of Keynes and Keynesian Economics  –  Rob, Alli & Jordan?
4.  The Rise and Fall of the Phillips Curve
5.  Monetarism and the Natural Rate Hypothesis

Part 2 – Contemporary Macro

6.  The Importance of Expectations in Economics
7.  Introduction to Supply Side
8.  New Classical Economics
9.  Equilibrium Business Cycle Models
10. New Keynesianism

Part 3 – Is the Great Recession Evidence of a Failure of Macro as a Discipline?

14.  Contemporary macro models can be modified to make them more accurate

15.  Contemporary macro models need to be replaced with something else

16.  Conclusions

 

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