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Course ID:	ECON 8050. 3 hours.
Course Title:	Macroeconomic Theory II
Course Description:	Dynamic, stochastic models of macroeconomic behavior, including neoclassical and endogenous models of economic growth and New Classical and New Keynesian models of the business cycle.
Oasis Title:	MACROECONOMICS II
Prerequisite:	ECON 8040
Semester Course Offered:	Offered every year.
Grading System:	A-F (Traditional)

Course Objectives:	Developing and using techniques of continuous-time dynamic optimization, students will study the role of fiscal and monetary policies in centralized and decentralized economies and their welfare implications; explore recent developments in economic growth theory; and briefly study some basic issues in international macroeconomics.
Topical Outline:	Introduction to Continuous-Time Dynamic Optimization Rational Expectations and Saddlepoint Behavior The Basic Infinite-Horizon Representative Agent Model Distortionary Taxes and Inflation Optimal Monetary and Fiscal Policy Endogenous Growth: Recent Developments Introduction to International Macroeconomics

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