Macroeconomic Theory and Policy (ECON0016) (ECON0016)

Summary of Term 2 (Open Economy) taught in ECON0016 (Year 2021/2022) Detailed notes from lecture notes, textbooks and other materials. Topics covered centre on the open economy model: 1) Macroeconomics for the Open Economy, 2) Supply-side, Demand-side and Real Exchange Rates, 3) Inflation-targeting in the Open Economy, 4) Inflation-targeting, Exchange Rate Overshooting & Volatility, 5) Demand side and Trade Balance in the Open Economy, 6) The Real Exchange Rate, Inflation and the Supply-si...

Summary of Term 1 (Closed Economy) taught in ECON0016 (Year 2021/2022) Detailed notes from lecture notes, textbooks and other materials. Topics covered centre on the closed economy model: 1) Introduction and The Demand Side, 2) The Demand Side Part 2, 3) The Supply Side, 4) Macroeconomic Dynamics, 5) Expectations and Policy Effectiveness, 6) Monetary Policy, 7) Fiscal Policy, 8) Finance and the Macroeconomy, 9) The Global Financial Crisis, 10) The Consequences of the Crisis and Course Over...