Intermediate Macroeconomics

Catalog description

Through macroeconomic models built upon microeconomic foundations, insights are developed into economic growth processes and business cycles. Topics include aggregation and measurement, national income, business cycle measurement, economic welfare theorems and social inefficiencies, the effect of government fiscal policy upon employment and productivity, and the relationship between investment, interest rates and economic growth. (Lecture, 3 hours; Recitation, 1 hour). Minimum grade of "C" required in all economics pre-requisite courses. Prerequisites: (73-100 or 73-102 or 73-104 ) and 73-103 and ( 21-259 or 21-256 or 21-254 )