ECON 202B

Macroeconomics: Business Cycles

Description: Lecture, three hours. Survey of representative agent and complete market models of short-run fluctuations. Facts about fluctuations and long-term growth. Real business cycle theory. Calibrating and simulating dynamic models. Asset prices, money, and inflation. Taxation of factor incomes. Cyclical aspects of employment. S/U or letter grading.

Units: 4.0
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