Stock-Flow Consistent Macro

New School for Social Research: Economics

Liberal Arts

Graduate Course

Majors Only

Stock-Flow Consistent Macro

Fall 2018

Taught By: Michalis Nikiforos

Section: A

CRN: 7772

Credits: 3

The Stock-Flow Consistent (SFC) approach to macroeconomics emphasizes the importance of accounting consistency between the various stocks and flows of an economy. This framework allows for a coherent and integrated analysis of the production and financial sides of the economy, with the latter having an essential role in the macroeconomic outcome. Such an approach is necessary if we want to understand the functioning of the modern capitalist economies and major macroeconomic events, such as the recent financial and economic crisis or the stagnation of the last few years. This course aims to expose students to the main principles of SFC macroeconomics. Beginning with an in-depth examination of the related data sources—including national income accounts, flow-of-funds accounts, and accounts of international trade and capital flows—we will study various theoretical models of increasing complexity. Models will be simulated with the use of statistical software (Eviews, R). It will also be discussed how this methodology can be used for macroeconomic policy purposes.

College: New School for Social Research (GF)

Department: Economics (GECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 20

Enrollment Status: Open*

*Enrollment status information is updated every five 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: 4:00pm 1/16/2019

Meeting Info:

Days: Monday

Times: 4:00pm - 5:50pm

Building: 6 East 16th Street

Room: 1101

Date Range: 8/27/2018 - 12/10/2018