Course Description
Theories of national income, unemployment, inflation, and interest and exchange rates. The implementation, and domestic and global repercussions, of alternative monetary and fiscal policies.
Athena Title
MACROECONOMICS I
Pre or Corequisite
ECON 8000
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
The objectives of the course are to develop an understanding of the macroeconomy through the use of formal economic models, to introduce the tools necessary to build such models, and to provide a foundation for more advanced study in the field.
Topical Outline
I. Introduction to Macroeconomics II. Economic Growth and Supply III. Aggregate Fluctuations and Demand A. "Classical" Assumptions B. "Keynesian" Rigidities C. Dynamic Adjustment to Full Employment IV. Microeconomic Foundations of Macroeconomic Models A. Theories of Nominal and Real Rigidities B. Consumption and Labor Supply C. Money Demand D. Investment
Syllabus