Advanced Macroeconomic Theory Course unit title Advanced Macroeconomic Theory Course unit code EKK804 Type of course unit (compulsory, optional) Compulsory Level of course unit (according to EQF: first cycle Bachelor, second cycle Master) Third cycle Doctor Year of study when the course unit is delivered (if applicable) Year 1 Semester/trimester when the course unit is delivered Semester 1 Number of ECTS credits allocated 4.8 ECTS Name of lecturer(s) Dr. Rudi Purwono Dr. Wisnu Wibowo Tri Haryanto, Ph.D. Learning outcomes of the course unit Students are able to: (1) explain the assumptions underlying the macroeconomic model; (2) use appropriate tools to simulate models or analyze data statistically; (3) using standard macroeconomic models and data evidence to explain and interpret real problems in macroeconomics; (4) develop critical knowledge of the latest research in several key areas of macroeconomics; (5) critically evaluate macroeconomic articles in academic journals; (6) build independent opinions on ongoing macroeconomic issues; (7) develop professional skills to present macroeconomic analysis in seminars and publications Mode of delivery (face-to-face, distance learning) Face to face (offline) and or distance learning (online) Prerequisites and co-requisites (if applicable) No Course content Introduction: A Tour of the World; The Solow growth model; Infinite-Horizon and Overlapping-Generations Models; Endogenous Growth; Cross-Country Income Differences; Real-Business-Cycle Theory; Nominal Rigidity; Dynamic Stochastic General Equilibrium Models of Fluctuations; Consumption Investment; Unemployment; Inflation and Monetary Policy; Budget Deficits and Fiscal Policy Recommended or required reading and other learning resources/tools Romer, D. 2011. Advanced Macroeconomics. 4th Ed. McGraw-Hill Blanchard, O. 2017. Macroeconomics. 7th Ed. Person Education, Inc. Ljungqvist, L. & Sargent, T.J. 2012. Recursive Macroeconomic Theory. 3rd Ed. MIT Press. Uribe, M. & Schmitt-Grohe, S. 2016. Open economy Macroeconomics. Princeton University Press Obstfeld, M. & Rogoff, K. 1996. Foundation of International Macroeconomics. MIT Press. Planned learning activities and teaching methods Teaching (Classical Method), Presentation, Discussion, Group based project, case/problem based method Language of instruction In Bahasa (Indonesian Language) and English Assessment methods and criteria Middle exam, final exam, assignment