By the end of thia course, the studenst will be able to
- Analyze the static Classical and Keynesian models for a closed economy and use them to enhance understanding of real-world macroeconomic experiences
- Analyze long run economic growth models (the Solow model, Ramsey model, and the endogenous growth models, overlapping generations model) to derive and understand the transitional path of an economy towards its long run equilibrium
- Develop a solid grasp of macroeconomic analysis at the advanced level using mathematical methods
- Understand theoretical models which are used to explain the behaviour of the aggregate economy in the short and long-run and gain the ability to use these models to answer questions about the impact of shocks and policy in a small closed economy
- Demonstrate competency in solving complex macroeconomic problems utilizing theoretical models which facilitate understanding the behaviour of economic agents and the aggregate economy
- Understand the response of policy makers to macroeconomic issues and expectations