The first of a two semester sequence on graduate macro theory. The focus is on determination of aggregate income, employment, and prices with emphasis on static theory and the microfoundations of macroeconomics, including consumption and investment behavior, static models of income and price determination, problems of unemployment and inflation, and alternative theories of the roles of fiscal and monetary policy. Prerequisite: Econ 508 (taught in August prior to the Fall term) and Econ 511 (to be taken concurrently), or with permission of instructor.
Course Attributes: EN S
