ECON204 MACROECONOMIC THEORY II
| Course Code: |
3110204 |
| METU Credit (Theoretical-Laboratory hours/week): |
4(3-2) |
| ECTS Credit: |
7.0 |
| Department: |
Economics |
| Language of Instruction: |
English |
| Level of Study: |
Undergraduate |
| Course Coordinator: |
Prof.Dr. DÜRDANE ÞÝRÝN SARAÇOÐLU |
| Offered Semester: |
Fall and Spring Semesters. |
| Prerequisite: |
Set 1: 3110101
, 3110102 |
| The course set above should be completed before taking
ECON204 MACROECONOMIC THEORY II . |
Course Content
Intertemporal consumption-saving decisions; Ricardian equivalence theorem; credit market imperfections; intertemporal investment decision of the firm; optimal investment rule; cash-in-advance model; Fisher relation; Liquidity trap; menetary policy rules; neutrality of money; New Keynesian Economics; Keynesian transmission mechanism for monetary policy; menu cost models; Freidman rule; Financial intermediation and Banking; The Diamond-Dybvig Banking model; The Phillips curve; Rational expectations hypothesis; Time consistency problem; Beginning of Modern Macroeconomics; The Neoclassical Synthesis; The Rational Expectations Critique.
