2008

History of Modern Macroeconomics

History of Modern Macroeconomics: From Keynes to the Present
Course Instructor: 
Kevin D. Hoover
Course Date: 
Type of Course: 
Topic Course
How did modern macroeconomics come to be? An examination of some of the key developments in macroeconomics from the 1930s through the 1980s. Case studies of the evolution of macroeconomics in political and social context. Topics include the theory of unemployment in the Great Depression; growth theory and the rise of business cycle modeling in the aftermath of World War II; the trade­off between inflation and unemployment in the 1950s and ‘60s; the debate over monetarism in the age of stagflation; and the rise of the New Classical Macroeconomics in its aftermath. test