Intermediate Macroeconomic Theory

Catalog description

This course provides a working understanding of the economy as a whole in an international context. It examines the relationship between such measures of aggregate economic activity as income, unemployment, inflation and interest rates. It develops models of economic activity and uses them to analyze the effects of changes in the economic environment, private behavior and government 232 Westminster College, Fulton Missouri policy. It also evaluates the potential for government fiscal and monetary policies to affect economic activities.