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Master in Economics-- ISCTE-Business School --2018-2019
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).