Advanced Macroeconomics II

ECON 606

This course will briefly introduce you to some of the most widely used core models of modern macroeconomics. At the same time, it will provide a strong theoretical and practical background that can be helpful if you want to pursue further studies in (macro-)economics. In particular, we will build, step-by-step, one of the standard workhorses to study the business cycles, the real business cycles (RBC) model. We will start from its ancestor, the Solow growth model, we will pass by its origins, the deterministic neoclassical growth model, and we will work all the way up to its current dynamic stochastic general equilibrium (DSGE) model version.