ECON 221AAdvanced Methods in Macroeconomics I
Covers major issues in monetary economics, focusing on the core theoretical models employed in monetary economics. Topics include: money in general equilibrium; money-in-the-utility function approaches; cash-in-advance models; search-based models; welfare costs of inflation; optimal inflation tax; informational frictions in monetary economies; financial and credit frictions; nominal price and wage frictions; time-dependent and state-dependent models of price adjustment; and money in new Keynesian models. (Formerly Advanced Monetary Economics I.)
Prerequisite(s): ECON 205A, ECON 205B, and ECON 205C, or by permission of instructor. Enrollment is restricted to graduate students.
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When it runs
Winter 2027Open Winter 2027
| Section | Type | When | Where | Instructor | Seats |
|---|---|---|---|---|---|
| 01 | Lecture | Tue Thu 5:20pm–6:55pm | TBA | P. Michaillat | Closed 0/0 |
Fall 2025Open Fall 2025
| Section | Type | When | Where | Instructor | Seats |
|---|---|---|---|---|---|
| 01 | Lecture | Tue Thu 3:20pm–4:55pm | Crown Clrm 104 | P. Michaillat | Open 6/10 |
Who teaches it
| Instructor | Rating | Difficulty | Would take again | Reviews |
|---|---|---|---|---|
| Pascal Michaillat | 1.5 / 5 | 4.5 / 5 | 50% | 2 |
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