Course Description - Targets

This course will continue the discussion of the main macroeconomic models developed in Macroeconomic Theory I. Basically, in this course we will analyze the economy in the short-run, as compared to the economy in the long-run, studied in the 1^st semester.

We will present the standard macroeconomic models (ΙS-LM, AD-AS, Mundell Fleming), which allow to study issues like economic fluctuations, economic growth and the effects of the monetary and fiscal policy in the short and in the long run.

A central feature of the course includes understanding the ability and limitations of macroeconomic policy for stabilizing the business cycle and promoting long-term growth.