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Beschreibung:
This paper analyzes the current state of research in macroeconomics in the light of first year macroeconomics courses offered in the 16 leading Ph.D programs. Our investigation confirms that methodological and ideological differences of 1970’s and 80’s are about to disappear as methodological gap between macroeconomics and microeconomics is narrowing. Moreover, while use of mathematics in macroeconomics is increasing, applied mathematics gains more importance than theoretical mathematics. This paper also shows that, in the first year of Ph.D. programs, lectures in macroeconomics are designed to teach basic techniques and methods while the topics like the imperfection based models, monetary and fiscal policies, welfare implications of these policies and the role of institutions in economy are left to the following years.