Advanced Macroeconomic Theory

Course unit title

Advanced Macroeconomic Theory

Course unit code

EKK804

Type of course unit (compulsory, optional)

Compulsory

Level of course units (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 statistical data; (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, TJ 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. Foundations 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 exams, final exams, assignments