ECON 411
Inequality and Macroeconomy
Description
Lecture, three hours. Limited to Master of Applied Economics students. Introduction to analysis of economic inequalities and interplay between inequality and macroeconomy. What are relative roles of market forces and institutions in shaping dynamics of economic inequality? What are consequences of globalization on distribution of income within and between countries? Does inequality hamper economic growth and macroeconomic stability? How do macroeconomic policies and structural reforms affect distribution of income and wealth? Use of simple models and empirical analysis by taking global and historical perspective. Discussions about inequality in U.S. and Europe over last two centuries, as well as challenges raised by recent inequality trends in China, India, and Latin America. Letter grading.
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