FINM 35000

Topics in Economics

Autumn Quarter
Instructor: Leo Rafael Aparisi de Lannoy

This is an elective course on the macroeconomics of financial markets and monetary policy.  Topics include: 1) The risk premium puzzle: should you invest in bonds or stocks?; 2) Building the workhorse: Real Business Cycles (RBC); 3) Understanding modern central banking: the New-Keynesian (NK) model; 4) Towards more realistic models: models of the wealth distribution; and 5) Model of financial crises.