Étienne Lalé
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Intermediate Macroeconomic Theory II
Syllabus
(Winter 2024)
Class material posted on
eClass
Topics outline:
IS-LM models
The Keynesian multiplier
The budget deficit
The IS-LM model
The Mundell-Fleming (IS*-LM*) model
Labor markets
Perfect competition
Union wage setting
Efficiency wages
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Intertemporal models
Budget constraints
Preferences
Applications
Closed economy
Open economy
Credit market imperfections
Monetary policy
Theories of price determination
Fixed vs. flexible prices
Predetermined prices
Dynamic (or time) consistency
Commitment
Discretion
Political economy
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