Analysis of the stylized facts of cyclical fluctuations in closed economies. Construction of models general equilibrium with real facts that replicate those fundamental shock. Fiscal policy. debt public and Ricardian equivalence. Inflation as a monetary phenomenon. Analysis of experiments hyperinflation and monetary facts low frequency. Analysis of the importance of frictions in behavior of unemployment. Introduction to environments with nominal rigidities and the role of politics monetary and fiscal stabilization.

Prerequisites: Foundations of Microeconomics & Mathematics II &
                            Foundations of Macroeconomics (Recommended)