| Course ID: | ECON 8040. 3 hours. |
| Course Title: | Macroeconomic Theory I |
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. |
| Oasis 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 |