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Winter 2015

I have posted the schedule and syllabus: no texts, just readings, and more readings.

Alongside your capstone project, this term I emphasize three overlapping themes. One is an overview of “modern” macro theory, begining with the Solow growth model, then overlapping generations models, then (rational) expectations and endogenizing policy (a Taylor Rule). A second is how we can know things in macroeconomics, empirics.The third is how these come together in a practical policy issue, the size of the fiscal multiplier.

Your output on this formal component will consist of blogging, short papers and presentations. This is paired with a “capstone” research paper 20-30 pages in length of text, plus bibliography, tables & graphs.