Middlebury

ECON 0418

Macroeconomics of Depressions

Macroeconomics of Depressions
In this course we will develop a framework for analyzing liquidity traps, economic depressions, and failures of macroeconomic stabilization policy. We will contrast the causes of and policy responses to the Great Depression, Japan’s “Lost Decades,” the Great Recession, and the ongoing depression in Greece. We will also study the international transmission of the Great Depression through the gold standard and the global transmission of the Great Recession through modern financial and trade linkages. Throughout, we will track the evolution of views on stabilization policy, austerity, and the costs of prolonged periods of depressed demand. (ECON 0250 or ECON 0240 or IPEC 0240) 3 hrs. sem.
Subject:
Economics
Department:
Economics
Division:
Social Sciences
Requirements Fulfilled:

Sections

Fall 2021

ECON0418A-F21 Seminar (Fieldhouse)
ECON0418B-F21 Seminar (Fieldhouse)

Spring 2021

ECON0418A-S21 Seminar (Fieldhouse)
ECON0418B-S21 Seminar (Fieldhouse)

Spring 2020

ECON0418A-S20 Seminar (Fieldhouse)

Fall 2019

ECON0418A-F19 Seminar (Fieldhouse)