Principles of Macroeconomics

Catalog description

This course introduces the basic concepts of macroeconomics through which students develop a working knowledge of the U.S. economy. Students learn the relationship between fiscal and monetary policies and short-run business cycle fluctuations, and what factors produce long-run economic growth. This knowledge helps students to identify and explain current macroeconomic issues and outcomes such as the unemployment rate, inflation rate, interest rates, budget and trade deficits, national debt, and exchange rates. Students learn the roles that money, banking, and the financial sector play, and how government spending and taxes affect the economy. No prerequisites.