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Dynamic Macroeconomics
OVERVIEW
CEA CAPA Partner Institution: Universidad Carlos III de Madrid
Location: Madrid, Spain
Primary Subject Area: Economics
Instruction in: English
Course Code: 13649
Transcript Source: Partner Institution
Course Details: Level 200
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: Students are expected to have completed: Microeconomics, Mathematics for Economics II, Microeconomic Theory (Since all models studied in this course are "micro-founded", i.e. based on agents solving explicit maximization problems, it is essential that students are familiar with solving consumers'/firms' problems and solving for general equilibrium.)
DESCRIPTION
1. Stylized facts on macroeconomic variables over the business cycle
2. Consumption-leisure decision
3. Credit markets: Inter-temporal consumption-savings decision
4. Real business cycles: Investment in overlapping-generations models
5. Government policy in the OLG model: Fiscal policy and pension systems
6. Unemployment: Search-and-matching model
2. Consumption-leisure decision
3. Credit markets: Inter-temporal consumption-savings decision
4. Real business cycles: Investment in overlapping-generations models
5. Government policy in the OLG model: Fiscal policy and pension systems
6. Unemployment: Search-and-matching model
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