Macroeconomic Theory and Policy
This course aims to take both a short and a long-term view of the economy and help students to understand how modern macroeconomics have attempted to explain economic growth as well as fluctuations. The course also looks at the design and effectiveness of macro policies to boost growth and stabilise fluctuations.
Course Objectives
This course aims to introduce students to the following topics on macroeconomics:
- Long-run macroeconomic model and determinants of long-run growth
- Short-run macroeconomic model and its building blocks
- Monetary and fiscal policies and their effectiveness
Intended Audience
This course is intended for students with strong interest in learning how macroeconomists view the economic issues. Students from all backgrounds are welcome.
Previous Knowledge
Students will ideally have a basic knowledge of calculus, especially solving optimisation problems (e.g. maximisation/minimisation problems, the Lagrangian multiplier method).
If deemed necessary, the lecturer will provide brief and intuitive explanations of any quantitative methods used during the lectures.
Transferable Knowledge and Skills
Students will gain an understanding of two major concerns of modern macroeconomics; economic growth and economic fluctuations. Students will learn about what polices could be employed to promote growth and stabilise fluctuations and, through discussions on a variety of macroeconomic models and policies, will develop an in-depth understanding of how modern macroeconomists view real-world economic issues.
Dr Myungun Kim
Dr Myungun Kim is a College Assistant Professor in Economics and the Director of Studies in Economics at Robinson College, University of Cambridge.
He received his Ph.D. in Economics from the University of Cambridge. He has been awarded the Best Teaching Prize for three consecutive years by the Faculty of Economics at the University of Cambridge.
His current research focuses on the measurement of productivity and the impact of changes in firm structures and business model innovations on productivity. He is particularly interested in understanding how new technologies and digitalisation affect productivity across various industries. He is presently working on a paper for the Productivity Institute, a consortium research organisation funded by the Economic and Social Research Council (ESRC). This paper focuses on firm-level productivity and vertical integration in the UK.