ECON-811 Macro Political Economy (3)

Alternative theories of long-run economic growth, income distribution, and technological change. Short-run macroeconomic models in the post-Keynesian tradition are developed and compared with “new consensus” models. Topics vary by year, but generally include mark-up pricing and income shares, conflicting claims inflation, the unemployment-inflation relationship, saving and investment behavior, debt dynamics, and open economy extensions. Usually Offered: fall. Prerequisite: ECON-802. Restriction: PhD program.