Minor in Agricultural Economics - Advanced Macroeconomics (H) ECOA 4005   Advanced Macroeconomics (H)
CREDIT HOURS: 3
This course provides a concise, mathematical coverage of classic issues in macroeconomic theory. The course starts with the classical model of a closed economy. A reconsideration of the labour market leads to the Keynesian model. An alternative treatment of the capital market underlies Tobin’s dynamic aggregative model. The role of inflation expectations is explored under the contrasting cases of economic agents having adaptive expectations and perfect foresight. By integrating macroeconomic thinking and mathematical reasoning in the context of non-stochastic models, the course is also preparatory to graduate studies in economics.
NOTES: Winter semester
FORMAT: Lecture
PREREQUISITES: ECOA 1001, ECOA 2001