This course is an introduction to the study of macroeconomics at an advanced level. The first part is concerned with growth and should provide the tools to answer two fundamental questions: Why are some economies so much richer than others, and what accounts for the huge increase in real incomes over time? The second part of the course aims at providing the tools to understand short-run fluctuations, i.e. the year-to-year and quarter-to-quarter ups and downs of employment, unemployment, output and prices.
The first part of this course is concerned with growth: The Solow growth model, the Ramsey model, the Diamond model and endogenous growth.
The second part is devoted to short-run fluctuations: The real business cycle theory and the Keynesian models of fluctuations.