Middlebury

ECON0418A-F19

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 0240 or ECON 0250) 3 hrs. sem.
Course Reference Number (CRN):
92535
Subject Code:
ECON
Course Number:
0418
Section Identifier:
A

Course

ECON 0418

All Sections in Fall 2019

Fall 2019

ECON0418A-F19 Seminar (Fieldhouse)