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This course introduces the standard theoretical and empirical tools of macroeconomics. We first build a general equlibrium framework that highlights the major links among the aggregate markets for goods, labor and capital. This framework is then used to analyze the impact of macroeconomic shocks on aggregate economic variables such as employment, the inflation rate, the exchange rate, the rate of economic growth, and the distribution of income. Both monetary and fiscal policy are studied in depth. Critiques of the mainstream model are also considered. The goal of this course is to develop the tools and understanding necessary for analyzing economic policies and problems both in the United States and abroad.
Unless preregistered students attend the first class meeting or communicate directly with the instructor prior to the first class, they will be dropped from the class list. NOTE: Students must still submit a completed Drop/Add form to the Registrar's Office.
COURSE FORMAT: Lecture
Level: UGRD Credit: 1 Gen Ed Area Dept: SBS ECON Grading Mode: Graded
Prerequisites: ECON300
Last Updated on MAR-18-2003
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