macro economic for manager


Writing the paper according Macroeconomic Theory & Policy Rough Outline of Course. Macroeconomics for Managers Spring 2020–Project Macroeconomic Theory & Policy Rough Outline of Course I. Introduction A. What is macro? (beyond memorizing definitions) B. Why macro? C. Thinking macro D. Rational (macroeconomic) Policy Making II. Measuring and Assessing at the Aggregate Level A. What to measure at the macro level B. How to measure (aggregate performance metrics—finding, interpreting and using data III. Building a (Keynesian-type) Macro Model A. History and perspective re: Keynes, Keynes v Classicals) B. Equilibrium at the macro level (comparative statics, dynamics later) C. Demand and Supply concepts (at macro level) D. Analyzing spending sectors, spending components E. Models and Multipliers—building from ground up​‌‍‌‍‍‌‍‌‌‌‍‍‍‍‌‌‌‌‌​i. Two sector equilibrium—equilibrium conditions and adjustment forces and processes. Developing the notion of an investment multiplier) ii. Three sector equilibrium iii. Four sector equilibrium iv. Tweaking the models—some “what ifs” IV. Essentials of fiscal policy—introduction—tools, formulation and implementation V. Essentials of monetary policy—introduction, the Fed, tools, targets, formulation and implementation VI. Expanding the models—adding the financial sector (and interest rate determination) Subject to change according to timing i. Developing an IS-LM framework (step-by-step) ii. Manipulating the model iii. Breaking down the model (weaknesses and limitations) VII. Consideration of some non-Keynesian models i. the quantity theory and monetarism ii. New Keynesian economics (and economists) iii. New Classical models iv. New Keynesian v New Classical VIII. Wrapping it up—relevance of macroeconomics for t​‌‍‌‍‍‌‍‌‌‌‍‍‍‍‌‌‌‌‌​he micro decision maker

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