Macroeconomic Theory and
Policy
M.Sc. in Public Policy Economics
(2003/04)
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Module Contents
• Analysis of Macroeconomic Fluctuations using
the IS-LM, AS-AD Models
• Unemployment and Inflation
• Fiscal and Monetary policy for internal and
external stability
• Analysis of Economic growth
• Role of Financial Market in the Economy
• Exchange rate and Balance of Payment
• Micro-foundation on Consumption and
Investment and general equilibrium impacts of
taxes
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Requirements
• Course Work
40 percent of the module
Marks
– Two Mid-term exams
– Term paper
• Final Exam
20 marks
20 marks
60 percent
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Core and Recommended Text
• Blanchard, Oliver (B) Macroeconomics, Third Edition,
Prentice Hall, Chs. 3-24. 2003. ISBN 0-13-033772-2;
http://www.prenhall.com/blanchard
• Burda Michael and Charles Wyplosz (2002)
Macroeconomics: A European Text 3rd dition, Oxford
University Press. http://www.wiwi.huberlin.de/institute/wt2/
• Miles David and Andrew Scott (MS) Macroeconomics:
Understanding the Wealth of Nations, John Wiley and
Sons, Inc, 2002. ISBN 0-47084288-1.
• Mankiw, G. N.(2003) Macroeconomics, Fifth Edition,
Worth Publishers, New York.
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