Macroeconomic Theory
Spring 2020
Coursebook
The Econ 314 Coursebook contains supplemental material written by the instructor for the students in the course. It helps explain difficult parts of Romer's text, provides contextual background material, and contains selective reviews of empirical applications of the theories we are studying. This version of the Coursebook has been revised from the one in use prior to 2019.
Coursebook chapters
- Prologue: About the Coursebook
- Chapter 1: Macroeconomics: Modeling the Behavior of Aggregate Variables
- Chapter 2: Growth and Capital Accumulation: The Solow Model
- Chapter 3: Optimizing the Saving Decision in a Growth Model
- Chapter 4: Theories of Endogenous Growth
- Chapter 5: Empirical Evidence on Economic Growth
- Chapter 6: Stochastic Growth Models and Real Business Cycles
- Chapter 7: Money, Inflation, Growth, and Cycles
- Chapter 8: Traditional Models of Aggregate Demand and Supply
- Chapter 9: New Keynesian Models of Aggregate Demand
- Chapter 10: Imperfect Competition and Real and Nominal Price Rigidity
- Chapter 11: Aggregate Supply with Imperfect Information
- Chapter 12: Dynamic Models with Sticky Prices
- Chapter 13: Empirical Evidence on Aggregate Supply Models and Business Cycles
- Chapter 14: Models of Unemployment
- Chapter 15: Investment Models and Financial Crises
- Chapter 16: Consumption Behavior
- Chapter 17: Monetary Policy
- Chapter 18: Fiscal Policy