Catalog Entries |
Fall 2019
Apr 20, 2024 |
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| ECON 0418 - Macroeconomics of Depressions |
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*Macroeconomics of Depressions*
In this course we will develop a framework for analyzing liquidity traps, economic depressions, and failures of macroeconomic stabilization policy. We will contrast the causes of and policy responses to the Great Depression, Japan’s “Lost Decades,” the Great Recession, and the ongoing depression in Greece. We will also study the international transmission of the Great Depression through the gold standard and the global transmission of the Great Recession through modern financial and trade linkages. Throughout, we will track the evolution of views on stabilization policy, austerity, and the costs of prolonged periods of depressed demand. (ECON 0240 or ECON 0250) 3 hrs. sem.
0.000 OR 1.000 Credit hours 0.000 OR 1.000 Lecture hours 0.000 TO 2.000 Other hours Levels: Undergraduate Schedule Types: Seminar Social Sciences Division Economics Department |
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