Browse Hierarchy ECN223: Selected Topics in Macroeconomics

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Topics include: Consumption: life-cycle and permanent-income hypothesis; Inflation: causes and effects of inflation, disinflation, seignorage, dynamic inconsistency, hyperinflation; Debts and deficits: the government budget constraint, Ricardian equivalence, fiscal policy and output stabilisation. In addition to these three topics, the module may cover additional topics such as basics of monetary policy (eg money targets versus interest targets); Rational expectations (eg policy ineffectiveness, Lucas critique); Investment; The Euro; Globalisation.

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