| Course ID: | ECON 7920. 1-3 hours. |
| Course Title: | Business Macroeconomics |
Course
Description: | Examination of the historical behavior and determinants of gross
domestic product, unemployment, inflation, interest rates, the
money stock, and exchange rates. Consideration of alternative
theories of the business cycle and growth, and the role of
fiscal and monetary policies for improving welfare. |
| Oasis Title: | BUSINESS MACRO |
| Duplicate Credit: | Not open to students with credit in ECON 8920 |
| Prerequisite: | Permission of department |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | This course reviews the historical facts about the U.S. economy regarding gross
domestic product, the unemployment rate, the inflation rate, interest rates and
exchange rates; develops models to explain these facts; and studies the formation,
implementation, and evaluation of fiscal and monetary policies in both
closed and open (international) economies. |
| Topical Outline: | Economic Principles
International Organizations
National Income, Unemployment and Inflation
Classical Macroeconomics
Keynesian Reaction
Supply Side Economics
Money, Banking and the Federal Reserve
Regionalism and the European Union
Economic Integration in North America
International Monetary System
The Balance of Payments
Aggregate Supply and the Inflation-Unemployment Puzzle
Unemployment, Adaptive and Rational Expectations and Inflation |