The objective of this course is to help students understand recent developments in macroeconomic theory and its applications. The emphasis is on the application of dynamic macroeconomic theory to issues related to short and medium term fluctuations and the implications for fiscal and monetary policy. The first part of the course discusses in some detail key issues related to specific sub-sectors of the economy: aggregate consumption behaviour, investment and stockmarkets, labour markets and product markets. The second part of the course builds on the first by integrating these sub-sectors into fully-specified macroeconomic models via the application of dynamic stochastic general equilibrium theory. These models are used to understand the implications of macroeconomic policy. The course assumes some knowledge of linear algebra, calculus, and statistics. There are two ninety-minute lectures and a tutorial each week. I encourage you to ask questions in and after class. <br/>