Aims and objectives
This course aims to bring you up to date with modern developments in macroeconomics and to help you analyze the macroeconomic issues of the day
Learning outcomes
At the end of the course having completed the essential reading and activities, you should be able to think about and give answers to key macroeconomic questions, for example:
• What are the forces that drive long-term prosperity?
• Is a growth slowdown in emerging economies inevitable?
• Why are real interest rates so low?
• What causes bubbles in financial markets?
• Does the government have a budget constraint?
• How does the labour market respond to structural change and shifting employment patterns?
• What is the role of banks and why are they inherently fragile?
• Is it a good idea for central banks to set up new digital currencies? Why does economic activity fluctuate?
• Can and should policymakers seek to ameliorate business cycles?
• What options do central banks have when nominal interest rates fall to zero?
• What are the causes of global imbalances?
The approach of the course is to discuss the salient features of the data and then go on to present macroeconomic models to study these questions.