In this class, students will learn how to construct a general equilibrium model of the economy that include financial decisions. General equilibrium models represent the whole economy and include several markets, such as the goods market, the labor market and the financial market. The models will be used to analyze the interactions between financial decisions and the macroeconomy and assess economic policies.
In the second part of this course, we will focus on financial crises and the stability of the financial markets. We will study the channels through which financial shocks can affect the real economy and take as an example the global financial crisis of 2008. Recent economic events (the covid crisis, other…) will also be discussed.
- Enseignant·e: Corinne Dubois