Honours Macroeconomics

This course considers the principal approaches used in modern macroeconomics to investigate business cycles and the long-term performance of market economies. In the first part of the course, business cycles and empirical business cycle models are considered (including the Mundell-Fleming and the dynamics of the current account are considered). This is followed by a session on monetary and fiscal policies. The second half of the course introduces the two major models of modern macroeconomics (Ramsey-Cass-Koopmans and Overlapping-Generations models) in the context of growth theory. At the end of the course, the student should be able to follow the bulk of modern macroeconomic research.

Course instructors: Monique Reid and Gideon du Rand

Work programme

BER Weekly

29 July 2019
Domestic financial markets were dominated by the reaction of credit rating agencies to Finance Minister Tito Mboweni's announcement that Eskom will receive an additional R59 billion (bn) bailout. This will be spread over the 2019/20 (R26bn) and 2020/21 (R33bn) fiscal years. Combined with the R23bn per annum committed to Eskom in the February budget,...

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