Macroeconomic Theory ΙΙ

    Course Code: 
    1412
    Semester: 
    4th
    Compulsory Courses
    Professor: 

     VARTHALITIS PETROS

    Course Description
     
    General equilibrium of the macroeconomic model: Extension of the IS, LM model for an open economy. Policy. Dynamic Macroeconomic analysis and the post-Keynesian macroeconomic model. Models of labor market behavior: theory of unemployment, Phillips curve, the role of inflation expectations, the natural rate of unemployment. Inflation theories, relation of unemployment and inflation in a growing economy and stagflation analysis. The hypothesis of rational expectations and the modern theory of macroeconomic policy. The Basics of economic growth.

    Indicative Course Prerequisites: Introduction to Economic Analysis ΙΙ