14.452 Macroeconomic Theory II, Spring 2005
Highlights of this Course
This course features an extensive
reading list, detailed
lecture notes and complete problem sets in the
assignments section.
» View an older version of this course en Español or em Portugues courtesy of Universia. Please note that since our Spring 2005 publication, the translated version available from Universia may not have the most current content that is available on the MIT OCW site.
Course Description
This is the second course in the four-quarter graduate sequence in macroeconomics. Its purpose is to introduce the basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing staggering of price decisions; and Applications to fiscal and monetary policy.