INTERMEDIATE MACROECONOMICS WITH CALCULUS

Catalog description

This course deepens the analysis of ECON 201, examining macroeconomic theories of the determination of national income, employment, the price level, interest rates, exchange rates, and economic growth using mathematical tools learned in MATH 151, especially derivatives of functions. It includes a study of the trade-off between the economic goals of low unemployment and low inflation, of monetary and fiscal policy to achieve them, and of the policy positions of various schools of thought. It gives importance to international macroeconomics, to the role of technology in growth, and to issues of economic policymaking. Employs standard analytic tools. Prerequisites: ECON 201 with a minimum grade of B-, MATH 151.