Industrial Economics ((4 Credits))

Catalog description

Macroeconomics focuses on the national economy and its links to the worldwide economy. Intermediate macroeconomics deepens students’ knowledge gained at the introductory level by exploring more advanced theories of the long-run aggregate equilibrium, economic growth, business cycles and economic fluctuations. Relationships between national income, unemployment, inflation, interest rates, exchange rates, consumption, investment, savings, taxes, government spending and money supply are examined. Applications of models to current government policies, the role of uncertainty in the decisions of different economic actors and the impact of policy changes on various sectors of the economy are also covered in this course. This course is offered for our International Education program students. Prerequisites: Macroeconomics ( ECON 2015 ) and College Mathematics ( MATH 1000 ).