Intermed Macroeconomic Theory

Catalog description

Building on the concepts and tools of EC 102 and EC 103, this course analyzes the economy-wide forces, policies, and institutions that directly determine or otherwise influence long-term economic trends and short-term fluctuations, and business cycles. Students learn the central lessons of contemporary macroeconomics, gain confidence in their ability to mathematically model and discuss economic policies in professional settings, and acquire the skills needed to begin macroeconometric studies. Topics include the key ideas of Nobel Prize winners, national income and product accounting, balance of payments, unemployment, employment, labor force participation, international trade and finance, monetary fiscal policies, facts and theories of long-term economic growth, facts and theories of business cycles, the powerful role of expectations and policy credibility, and modern electronic connections among all types of international markets.