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Econ520 - Advanced Macroeconomic Theory

Fall 2025 - Prof. Lutz Hendricks

Announcements

Most of this material is still from 2024. The general class outline will remain the same. The only textbook needed will be Blanchard "Macroeconmics" (6th or 7th ed, not the newer 8th ed).

  • Syllabus, Info on writing assignments, Assignment 1, Assignment 2.

    • Assignment details may change. Use the one on gradescope for your answer.

    • Due dates are shown in the class schedule.

    • Information on waitlists and how to enroll
    • Office hours: TBA. Gardner 06C. Or by appointment.

    • Office hours may change (due to other commitments).

    • Appointments are usually more efficient than regular office hours (except around exam times).

  • Final exam:

    • TBD. See Final exam schedule.
    • The exam will focus on material covered since the midterm. Details TBA. However, since the material is cumulative (new models build on previous ones), some material from before the midterm will inevitably be needed for the final. For example, the IS/LM model underlies the AD curve.
  • Midterm exam: TBD
    • Material covered: TBA.
  • Important: students who do not attend the first week of classes will be dropped from the course. This is department policy. Please contact me if you need an accomodation.
  • Slides will be updated as the course progresses.
  • Tips for taking exams

Annotated slides

By popular demand, I will post the annotated slides below.

Schedule of Classes

Short Run

Medium Run

Open Economy

How to Study for This Class

Much of our time will be spent on analyzing models. There is only one way to learn how to do this: solve lots of practice problems. The exams from previous years offer a good selection of such problems.

If you feel that you are falling behind or if you have trouble with the practice problems, come to my office hours (listed on my web page).

You should also read the textbook sections corresponding to the material we study in class. Additional reading material is listed at the end of the slides.

Feedback

You can help improve this course by letting me know what you like and what you don't like. Drop me an e-mail or come to my office. Feel free to suggest topics you would like to discuss in class.

Past exams

Material in early years differs substantially from current year.