About This Course:

This module covers a number of topics in macroeconomic theory, focusing on two broad areas. The first is the theory of long-run economic growth. The second is the area of rational expectations modelling, looking in particular at the role that expectations play in models of asset prices, consumption, and inflation.

Here is some organisational information and a syllabus.

Here is an assignment that will count for 10% of your grade on the full course. It is due on January 18, 2008.

Here is some information about the macro part of the final exam.

Lecture Notes:

1. The Solow Model of Economic Growth

2. Empirical Evidence on Cross-Country Growth (McQuinn-Whelan OXREP Paper)

3. Determinants of TFP

4. The Dividend-Discount Model of Asset Prices

5. Rational Expectations, Consumption, and Asset Prices

6. The New-Keynesian Phillips Curve