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NTU Module Review: HE4002 Advanced Macroeconomics

This is an advanced course in Macroeconomics. The primary interest in Macroeco- nomics is the entire economy. The course will cover a series of frontier research related to economic growth and development, asset pricing and monetary policy, international finance and trade, and other contemporary issues on income and firm distribution. In this course we study the aggregate economy by developing theoretical models with solid microfoundations, and this implies that i) we use models populated by agents (households, firms, and government) that optimize their own behavior, and ii) the implied equilibrium allocations that result from the behavior of agents satisfy aggregate consistency conditions (essentially market clearing). Understanding the concept of equilibrium will then be the single most important theoretical tool of the course.  

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