Advanced Macroeconomics I

A green street sign on a pole that reads 2008 Recession.

Many homeowners had their houses foreclosed on during the recession that started in 2007. (Image courtesy of the Federal Bureau of Investigation.)


MIT Course Number


As Taught In

Fall 2012



Cite This Course

Course Features

Course Description

14.461 is an advanced course in macroeconomics that seeks to bring students to the research frontier. The course is divided into two sections. The first half is taught by Prof. Iván Werning and covers topics such as how to formulate and solve optimal problems. Students will study fiscal and monetary policy, among other issues. The second half, taught by Prof. George-Marios Angeletos, covers recent work on multiple equilibria, global games, and informational fictions.

Other OCW Versions

Archived versions: Question_avt logo

Iván Werning, and George-Marios Angeletos. 14.461 Advanced Macroeconomics I, Fall 2012. (Massachusetts Institute of Technology: MIT OpenCourseWare), (Accessed). License: Creative Commons BY-NC-SA

For more information about using these materials and the Creative Commons license, see our Terms of Use.