Institution: Higher School of Economics
Course Title: Advanced Macroeconomics
Course Description: This course is a master’s level introductory course on Macroeconomic theory. It aims to instill a firm understanding of how economic aggregates such as total output, national saving and investment, inflation, exchange rate, trade and cross-border capital flows, current account balance are determined, and how they influence each other in a given economy. The evolution of total output can be conceptually decomposed into a long-term trend and business-cycles around this trend. Macroeconomists have developed two distinct groups of theories (e.g. employing different sets of assumptions) depending on whether they are interested in explaining the short-run dynamics or the long-run dynamics in the economy. Similarly, this course is divided into two parts. The first part of the course, taught by Sergey Pekarsky and Oxana Malakhovskaya, is devoted to study of consumption, investment and business cycles.
Approved Equivalent: ECON 615