Intermediate Macroeconomics

Catalog description

This course offers a rigorous introduction to macroeconomic theory and empirics with real-world applications. We examine longstanding stylized facts about long-run economic growth, short-run economic fluctuations (booms and recessions), and the aggregate effects of government policy. We study determinants of equilibrium in labor, consumption, investment, and money markets as well as the role of fiscal and monetary policies in closed and open economies. Prerequisite(s): ECON 25100 FOR LEVEL UG WITH MIN. GRADE OF C AND ECON 25200 FOR LEVEL UG WITH MIN. GRADE OF C AND MA 15910 FOR LEVEL UG WITH MIN. GRADE OF C Course Learning Outcomes 1. Identify the determinants of various macroeconomic aggregates such as output, unemployment, inflation, productivity, and how these aggregate variables interact with one another over the business cycle. 2. Describe the main macroeconomic theories of short-term fluctuations and long-term growth in the economy. 3. Apply the main macroeconomic theories in analysis of the determinants of business cycles and the implications for government intervention. 4. Evaluate the consequences of basic macroeconomic policy options under differing economic conditions critically within a business cycle. View Class Schedule