Michaelmas term starts by reviewing the key facts and ideas that will be useful throughout the course. We then move on to economic growth. Next we analyse consumption and investment decisions, paying particular attention to expectations about the future. Finally, we study the labour market and theories of unemployment.
Lent term covers business cycles, inflation, monetary and fiscal policy, financial markets and international macroeconomics.
Note: Graduate Teaching Assistants (who are often PhD students) will teach classes on this course.