GECO
6202

Advanced Macroeconomics I

New School for Social Research: Economics

Liberal Arts
Graduate Course
Degree Students (with Restrictions)
Advanced Macroeconomics 1
Fall 2022
Taught By: Mark Setterfield and Clara Zanon Brenck
Section: A

CRN: 3388

Credits: 3

This course develops macroeconomics in the New School tradition, using neoclassical theory as a foil and emphasizing macroeconomic theory in the Classical Political Economy and Post-Keynesian traditions. Following a brief discussion of short-run macroeconomics that compares and contrasts New Classical, Real Business Cycle, and Post-Keynesian approaches to the determination of output and employment, the course focuses on longer-term theories of growth, distribution, and technical change. Models developed include Neoclassical theories of endogenous and semi-endogenous growth, and Classical Marxian, neo-Keynesian, Kaleckian, and Kaldorian theories of growth and distribution. Topics covered include the question as to whether growth is wage- or profit-led, the emergence and consequences of Harrodian instability, and reconciliation of the actual and potential rates of growth. Two meetings weekly: W: Class F: Lab

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Modality: In-Person

Max Enrollment: 15

Add/Drop Deadline: September 12, 2022 (Monday)

Online Withdrawal Deadline: December 18, 2022 (Sunday)

Seats Available: Yes

Status: Closed*

* Status information is updated every few minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 11:16pm EST 2/7/2023