Course Detail (Course Description By Faculty)

Financial Markets in the Macroeconomy (33948)

Guerrieri, Veronica>>
This course focuses on understanding the role of external financing, financial crises, and their effects on the real economy. First, we will discuss models of decentralized trading in financial markets, where illiquidity may be due to informational or trading frictions. Then we will focus on the macroeconomic effects of financial crises. We will focus on the effects of deleveraging of households and firms on economic activity and unemployment.
Completion of 1st year of PhD Program. PhD students only. BUSN 33948=ECON 33703 No MiM and MiF students. 
  • PhD - students only
No provisional grades.
Description and/or course criteria last updated: August 18 2026
SCHEDULE
  • Spring 2027
    Section: 33948-50
    TH 1:30 PM-4:30 PM
    Harper Center
    3A - Seminar Room
    In-Person Only

Financial Markets in the Macroeconomy (33948) - Guerrieri, Veronica>>

This course focuses on understanding the role of external financing, financial crises, and their effects on the real economy. First, we will discuss models of decentralized trading in financial markets, where illiquidity may be due to informational or trading frictions. Then we will focus on the macroeconomic effects of financial crises. We will focus on the effects of deleveraging of households and firms on economic activity and unemployment.
Completion of 1st year of PhD Program. PhD students only. BUSN 33948=ECON 33703 No MiM and MiF students. 
  • PhD - students only
No provisional grades.
Description and/or course criteria last updated: August 18 2026
SCHEDULE
  • Spring 2027
    Section: 33948-50
    TH 1:30 PM-4:30 PM
    Harper Center
    3A - Seminar Room
    In-Person Only