Description:
New classical theories of business cycles and growth. Theories of price and wage rigidities, search, imperfect competition, and credit rationing in macroeconomic models. Asset pricing.
Semester:
Spring of every year
Credits:
Total Credits: 3 Lecture/Recitation/Discussion Hours: 3
Corequisite:
EC 811B concurrently
Description:
New classical theories of business cycles and growth. Theories of price and wage rigidities, search, imperfect competition, and credit rationing in macroeconomic models. Asset pricing.
Semester:
Spring of every year
Credits:
Total Credits: 4 Lecture/Recitation/Discussion Hours: 3 Lab Hours: 2
Restrictions:
Open to doctoral students in the Department of Economics and open to doctoral students in the Department of Agricultural, Food, and Resource Economics or approval of department.
Description:
Neoclassical theory of business cycles and growth. Theories of price and wage rigidities, search approach, imperfect competition, and credit rationing in macroeconomic models. Applications of search theory to labor markets and monetary theory. Asset pricing. Mathematical foundations, reviewing functional analysis, dynamic programming and the Hamiltonian method of optimal control theory.