Spring 2018 2017-18, Economics 134
The course will analyze current macroeconomic challenges and policy responses in the United States through the lens of modern macroeconomics and economic history. It will include a survey of business cycles since the Great Depression and an in-depth look at key macroeconomic policy issues, such as the impact of monetary and fiscal policy, the causes and effects of financial crises, and the role of uncertainty and balance-sheet effects in short-run fluctuations. The course is designed to build on the material in intermediate macroeconomics, and will include both theoretical and empirical analysis. Three hours of lecture and one hour of section per week. Prerequisites: Economics 100b or 101b.