This course is an advanced treatment of contemporary macroeconomic theory. Current controversies will be discussed as well as relevance of theoretical and policy issues in an African context. It is structured to ensure that macroeconomic problems and analysis that are centrally important at the beginning of the 21st century are fully treated. Thus, the course gives prominence to the dynamic open-economy aspects of macroeconomics, including problems of policy credibility. Therefore it engages with both the mainstream of modern, advanced macroeconomics and the main characteristics of African countries’ macroeconomic issues. It contrasts with traditional courses which are organized around the counter position of Keynesian and Classical (or monetarist) results in a comparative static, closed economy framework. This course outline covers two semesters of 120 hours.
- Instructor: Beatrice Mkenda