Honours Macroeconomics

This module 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 module, 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 module 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 module, the student should be able to follow the bulk of modern macroeconomic research.

Module presenter: Gideon du Rand

Course outline

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BER Weekly

27 Jun 2025 Another setback for the GNU, but oil markets breathe a little easier
This week was marked by heightened tensions both domestically and internationally. At home, friction intensified between the two largest parties in the Government of National Unity (GNU), the ANC and the DA, following the firing of one of the DA's deputy ministers. Internationally, the US conducted airstrikes on three Iranian nuclear facilities using...

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BER Weekly

27 Jun 2025 Another setback for the GNU, but oil markets breathe a little easier
This week was marked by heightened tensions both domestically and internationally. At home, friction intensified between the two largest parties in the Government of National Unity (GNU), the ANC and the DA, following the firing of one of the DA's deputy ministers. Internationally, the US conducted airstrikes on three Iranian nuclear facilities using...

Read the full issue