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5501 Advanced Macroeconomic Analysis (3) Basic theoretical concepts of national income and statistical tools utilized in its measurement. Aggregate demand and supply as problems of economic dynamics. The course includes examination of the primary competing theoretical approaches: neoclassical, Keynesian, new classical, real business cycle, new keynesian supply side, Austrian, and Post Keynesian. Topics covered inclue growth, money, labor markets consumption, investment, expectations formation, role of time and uncertainty, equilibrium and disequilibrium analysis, exchanges rates, international trade. and optimal currency areas. Policy implications of the various macroeconomic theories are explored. Prerequisites: Economics 301 and 302, or their equivalent. Offered: Fall 2001.
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