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The course provides an overview of the core topics in modern macroeconomics. The goal is to introduce the workhorse models of modern macroeconomics such as neoclassical growth model and dynamic stochastic general equilibrium model. Most of topics essential for first-year graduate students are covered. These include Solow growth model, Ramsey-Cass-Koopmans growth models, overlapping generation model, money and cycle, nominal rigidities and fluctuations, consumption and investment, unemployment, optimal taxation, stabilization policies and models with incomplete markets and heterogeneous agents. The focus will be on theory, but students should be able to understand and interpret empirical work as well.
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