ECON747

The Macreconomics of Imperfect Capital Markets

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Prerequisite: ECON602 and ECON601; or (ECON604 and ECON603); or permission of BSOS-Economics department. Restriction: Must be in one of the following programs (Economics (Master's); Economics (Doctoral)). Credit only granted for: ECON698K or ECON747. Formerly: ECON698K. After a brief overview of the micro-foundations of capital market imperfections, topics include limited commitment, the financial accelerator, liquidity, bubbles, crises, the role of credit in monetary economics as well as international capital flows.

Spring 2026

Thomas Drechsel

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Spring 2025

Thomas Drechsel

0 reviews
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Past Semesters

Thomas Drechsel

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Thomas Drechsel

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Thomas Drechsel

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Anton Korinek

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During the Spring 2020 and Spring 2021 semesters, students could choose to take some of their courses pass-fail mid-semester which skews grade data aggregated across multiple semesters.

Average GPA of 3.72 between 66 students*

ECON747 Grade Distribution+-05101520253035404550556065% of studentsABCDFWother
A-: 4.55%
A: 19.7%
A+: 7.58%
B: 1.52%
B+: 1.52%
W: 1.52%
other: 63.64%
* "W"s are considered to be 0.0 quality points. "Other" grades are not factored into GPA calculation. Grade data not guaranteed to be correct.