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Master in Economics-- ISCTE-Business School --2017-2018

This course represents the first students' contact with macroeconomics at a more advanced level, after they have completed a bachelor degree. In particular, the main goals of this course are to develop skills to analyze, summarize and have a critical opinion about the following items: (i) The main stylized facts of business cycles; (ii) The solutions to models with rational expectations; (iii) The problem of credibility and time consistency in economic policy; (iv) The optimal choice of policy instruments; and (v) The main aspects of the two currently major competing models in macroeconomics and their explanations about business cycles (the Real Business Cycles Model and the New Keynesian Model).