ECO855 Growth, Business Cycles and Economic Policy

[3–0, 3 cr.]

This course will study the interplay between economic policy, economic growth and business cycles in developed and developing economies. Fiscal policies aimed at stabilization and growth will be introduced from theoretical and empirical perspectives. The role of economic policy in engendering economic growth and development in developing countries will also be studied utilizing traditional and structural macroeconomic models. Examples from Great Depression, Great Recession, postwar capitalist development and developing countries experiences will be introduced.

Prerequisite: ECO822 Advanced Macroeconomics