Macroeconomic Theory

Catalog description

The course introduces the basic tools of economic policies and the key issues of modern economies. The course provides the necessary knowledge to analyze the basic goals of macroeconomic policy, namely low unemployment, stable inflation, financial stability, and stable and strong economic growth. Topics covered include, among others, economic growth, expansions and recessions, monetary and fiscal policies, GDP, inflation, unemployment, the public debt, interest rates, the trade deficit, and global markets. Although focusing on the U.S.- the world's largest national economy-and paying special attention to its institutions and problems, the course will emphasize the global context in which it functions by periodically shifting attention to other economies around the world. Globalization-related issues such as international financial markets and global crises will be given special attention.