Constitution Avenue entrance of the Federal Reserve, Washington, DC. (Image courtesy of J. D. Welch.)
Instructor(s)
Prof. Olivier Blanchard
MIT Course Number
14.452
As Taught In
Spring 2007
Level
Graduate
Translated Versions
Course Description
Course Features
Course Description
This is the second course in the four-quarter graduate sequence in macroeconomics. Its purpose is to introduce the basic models macroeconomists use to study fluctuations. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the "new Keynesian" model, monetary policy, and fiscal policy.
Other Versions
Other OCW Versions
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