47-803 Macroeconomics I

6 units, Carnegie Mellon University

This course is the first course in the core macro sequence of the economics PhD program. This is an introductory course to modern macroeconomics. The course covers topics from basic growth theory to labor markets, asset pricing and government policy. It makes the students familiar with important and basic questions in macroeconomics: What determines the cross-country differences in income level and growth rates? What are the determinants of business cycles? Why is there unemployment? How should governments design policies over time? By the end of the course students will learn the models and the mathematical tools that are used and developed in macro to think about and answer these questions.

Prerequisites: none listed

Offered: Fall 2026, Fall 2025

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