Module code: ECN229
Credits: 15.0
Semester: SEM2
Contact: Prof Giulio Fella
Overlap: In taking this module you cannot take ECN223
Prerequisite: Before taking this module you must take ECN206
This module introduces the permanent-income theory of consumption and precautionary savings, and studies the role of price rigidities and uncertainty in determining macroeconomic outcomes. Further topics to be covered include: the Q-theory of firm investment in a dynamic setting, unemployment and turnover in frictional labour markets, and elements of fiscal and monetary policy together with their implications for government debt and inflation. Within each set of topics, students will become familiar with the essential theoretical concepts and tools, and will critically assesses their strengths and limitations in the light of empirical evidence.
Connected course(s): UDF DATA
Assessment: 100.0% Examination
Level: 5
