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Econ 104:Introduction to Macroeconomics |
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Econ 104:Introduction to Macroeconomics |
Learning objectives and course description
The objective of this course is to develop a basic understanding of the functioning of an advanced capitalist economy with particular emphasis on the U.S. economy. The analytical model we will develop is a blend of neoclassical and Keynesian economic theories, which are the dominant theories in economics, albeit not the only ones. At the end of the semester, you should understand the determinants of the interplay between aggregate demand and aggregate supply, the forces behind inflation and unemployment, the growth of productivity and economic output, the roles of the monetary and government sectors, the implications of monetary and fiscal policies, and the impact of the increasingly important international economic relations on the domestic economy.