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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 must be taken in the presence of a proctor. Arrangements will be available for students to take the exams at the East Lansing campus. Students who cannot take the exam at the East Lansing campus due to distance or time constraints must make alternative arrangements. Acceptable alternatives include proctoring by an MSU instructor for students enrolled in a study abroad program, proctoring by base personnel for students serving in the U.S. military, or taking the exam at an NCTA-certified testing center. A list of certified testing centers may be found at http://www.ncta-testing.org/find-a-cctc-participant. Note that testing centers may charge a fee for their services, or have restricted hours of operation. These are the only testing options available for examinations, and only students able to use one of these options should enroll. No exams, except as listed above, will be given outside the United States.

 


 
Michigan State University Department of Economics