Adv Macroeconomics I

$PREREQUISITES: G31.1022 AND G31.1026 OR PERMISSION OF INSTRUCTOR.

OPEN ONLY TO PHD STUDENTS.

Analyzes real models of economic fluctuations. Presents ?classical? models, i.e., models for which equilibrium allocations are efficient, and ?nonclassical? real models, including models with fiscal distortions, productive externalities, and imperfect competition.