Main Idea Nominal Rigidity nominal price rigidity nominal wage rigidity Real Rigidity Real price rigidity Real wage rigidity Unemployment, Economic Cycle and Policy Suggestion
Some facts in business-cycle Real-business-cycle theory's explanation to some important economic variables Explanation to the fluctuations of output, consumption investment Explanations to employment fluctuation Explanations to monetary fluctuation Evaluation to Real-business-cycle theory
Topics to be Discussed Basic principles of building macroeconomic model Micro basis of macroeconomics &Choices of households Choices of firms Introduction to labor market
7.1 Fiscal policies and effects 7.2 Monetary policies and effects 7.3 Policy mix 7.4 Economic fluctuation and eliminating the fluctuations with economic policies 7.5 Macroeconomic policy practice