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Intermediate Macroeconomics


Course Description

Theories aimed at explaining observed levels of national income, unemployment, inflation, interest rates, and exchange rates, with critical evaluations of alternative domestic and international fiscal and monetary policies.


Athena Title

Intermediate Macroeconomics


Equivalent Courses

Not open to students with credit in ECON 4020E


Prerequisite

(ECON 2106 or ECON 2106H or ECON 2106E) and (ECON 2105 or ECON 2105H or ECON 2105E) and (MATH 2200 or MATH 2250 or MATH 2250E or BUSN 4000 or BUSN 4000E)


Semester Course Offered

Offered every year.


Grading System

A - F (Traditional)


Student Learning Outcomes

  • The class focuses on the workings of the aggregate national economy, with particular attention given to the determinants of national income.
  • Many of the topics covered in Macroeconomic Principles are studied in more depth.
  • Important topics include unemployment, inflation, interest rates, and exchange rates. Domestic and international fiscal and monetary policies are also discussed.

Topical Outline

  • Introduction to Macroeconomics
  • Concepts and Measurements of Macroeconomic Activity
  • Classical Analysis
  • Goods Market
  • Asset Market and Investment
  • Aggregate Demand and IS-LM Analysis
  • Aggregate Supply
  • Money Demand and Money Supply
  • Unemployment and Inflation
  • Fiscal Policy
  • Rational Expectations and New Classical Analysis
  • New Keynesian Economics
  • Real Business Cycles

Syllabus