Le Grand Syllabus 2017/2018
3/ Macroeconomic policies (2 lectures) - Fiscal and monetary policy in the AS-AD : the role of expectations ; the risk of de-anchoring - Discussion : the Euro Area 2011-2013 crisis ; the role of monetary and ﬁscal policies - Monetary policy in unconventional times - Discussion : the impact of QE in the Euro area Course Description : The goal of this course is to provide students with a general understanding of macroeconomic tools to understand public policies, in the short and the long run. The main focus will be about macroeconomic stabilization. How to reduce ﬂuctuations in unemployment ? How to keep inﬂation under control ? Should we try to manage exchange rates ? A recent focus will be put on the ﬁnancial and European crisis ? Required reading : Macroeconomics, by Olivier Blanchard (a recent edition).
Teachers : Mirko WIEDERHOLT (Professeur des universités). Prerequisite : Macro 1 Pedagogical Format : Lecture and tutorials Senior lecturers : Alaïs MARTIN-BAILLON (Enseignant chercheur). Course Description : This is the second course in the three-semester graduate sequence in macroeconomics. The purpose of this course is to introduce the basic models macroeconomists use to study fluctuations. The course presents the stylized facts of business cycles. The first model allows for intertemporal choices between consumption and saving. The next model introduced is the basic real-business cycle model with labour/leisure choice under uncertainty and shocks. The course presents methods to solve these stochastic models and to investigate their empirical relevance. We then analyse the role of money, nominal rigidities and real rigidities in New Keynesian models to explain the effect of demand shocks and supply shocks on output and inflation. Finally, this framework will be used to explain the effect of monetary and fiscal policies and analyse the credibility of public policy. Required reading : Romer, D. : Advanced Macroeconomics, 2nd Edition, McGraw-Hill, 2001 ; Gali, J. : Monetary Policy, Inﬂation, and the Business Cycle. Princeton University Press, 2008.
Semester : Autumn Number of hours : 48 Language of tuition : English
Teachers : Zsoﬁa BARANY (Professeur-chercheur à Sciences Po). Pedagogical Format : Lecture and tutorials Senior lecturers : Ludovic PANON (Etudiant Doctorant). Course Description : This course consists of three main topics : economic growth, long-run inequality, and search and matching in the labor market. The ﬁrst part of the course is an introduction to the theory of economic growth. We will use these models to shed light both on the process of economic growth at the world level and on sources of income and growth differences across countries. Required reading : to be deﬁned.
MAGAZINE 2.0 : LE NOUVEAU CHAUDRON DE LA BRAND CULTURE
Semestre : Printemps Nombre d'heures : 12 Langue d'enseignement : français
Enseignants : Jean-Edouard ANDRE (Professeur, ISTH.ES). Prérequis : Il est attendu des étudiants un usage quotidien des médias sociaux, un goût prononcé pour le mar-keting, l'innovation sociale et la prospective en matière de Brand content. Format pédagogique : Atelier Mode de validation : - 50% : Projet innovant (en groupe de conception, autour d'un produit maga-
MACROECONOMICS 2 : BUSINESS CYCLE
Semester : Spring Number of hours : 48 Language of tuition : English