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Macroeconomic Theory III OpenCourseWare: MIT's Free Graduate Level Economics Course on the Theory of Consumption

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Published Jan 31, 2009

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'Macroeconomic Theory III' aims to answer the question, 'What is economic equilibrium and what does it mean for macroeconomic systems?' This free graduate-level OpenCourseWare offered by MIT examines the models that macroeconomists use to study consumption, investment and asset prices. This is the third of a four quarter sequence of graduate courses in macroeconomics and is intended for anyone interested in furthering their knowledge of macroeconomics theories, principles and analysis.

Macroeconomic Theory III: Course Specifics

Degree Level Free Audio Video Downloads
Graduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Macroeconomic Theory III: Course Description

Part three of a four-part series of graduate-level macroeconomics courses, 'Macroeconomic Theory III' focuses on the economic theory of general equilibrium and its applications to real-world economic phenomena. The course begins by laying out the basic models used to explain the theories of consumption, investment and asset prices. The main theories discussed in this course are the core and convergence theorem and Arrow's Impossibility Theorem. Students will also study a stock market model as well as the differences between SM and CCC models. Professor Peter Diamond of the MIT Economics Department teaches this course.

The available OpenCourseWare materials include downloadable lecture notes, six problem sets and two exams. A bibliographic list of suggested readings is also available online. To download the course materials or to learn more, visit the macroeconomic theory course page.

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