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Apr 18, 2026
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ECON 5041 - Advanced Macroeconomics
The course provides students with a background in macroeconomic theory and macroeconometrics. The macroeconomic theory covered has an emphasis on dynamic general equilibrium models. Applications to business cycles, fiscal and monetary policies, and growth theory are studied. The course also provides econometric tools and analytical skills needed to measure empirical regularities, evaluate causal effects at the aggregate level, and forecast macroeconomic indicators.
Requisites: ECON 5000 and 5040
Credit Hours: 4
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,CR,PR,WP,WF,WN,FN,AU,I
Learning Outcomes:
- Students will be able to discuss dynamic equilibrium models for macroeconomic analysis and policy evaluation with emphasis on the economic intuition and graphical analysis.
- Students will be able to solve dynamic equilibrium models and its extensions mathematically.
- Students will be able to estimate and apply dynamic panel data models and the synthetic control method.
- Students will be able to use and estimate time series models to measure empirical regularities and forecast economic variables.
- Students will be able to formulate a well-organized economic argument, evaluate a hypothesis, and communicate results effectively in written form.
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