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Online Courses

EC402 Economics 402:  Advanced Macroeconomics

Economics 402 online is an upper level course in macroeconomics, aimed at students with a solid background in basic models of business cycles (IS-LM Model) and basic models of Economic Growth (Solow Model), and with the objective of further advance their knowledge of fundamental macroeconomic and public policy issues regarding inflation, unemployment, business cycles, monetary and fiscal policies. The course builds on basic models learned in Intermediate Macroeconomics courses, first identifying some of their shortcomings (e.g., lack of explicit expectations formation, lack of microfoundations and its essentially static nature) and then studying dynamic models in macroeconomics which improve on these dimensions. Throughout the course we will explore the links between the theory and past and recent macroeconomic events, such as the great recession of 2008-2009, and some of the conventional and unconventional interventions that were used by policymakers to deal with the crisis.

This is a technical course that aims at formally studying dynamics models of business cycles and growth. The on-line version delivers the same material as one would find in a conventional class.  Most of the material is presented in “lecture” style.  In addition, the course includes a variety of web-based resources.

Exam Policy

All exams for this class are proctored.  Students may either take the exam on the MSU campus at dates and times specified by the instructor, or they may arrange to have their exam proctored at a certified testing center that is affiliated with the National College Testing Association Consortium of Distance Testing Centers.


Michigan State University Department of Economics