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Macroeconomics

 

COURSE DESCRIPTION & LEARNING OUTCOMES

This course analyzes the structure and functioning of the aggregate economy with particular emphasis on the U.S.

 

After completion of the course, students will be able to:

  • Identify the many consequences of scarcity and explain how changes in opportunity costs affect behavior.
  • Understand, calculate, and analyze macroeconomic indicators including employment, real GDP, interest rates, and the price level.
  • Understand economic growth and the business cycle. 
  • Identify various causes of macroeconomic instability and evaluate different interventionist and non-interventionist perspectives.
  • Identify and describe the major institutions and instruments through which macroeconomic policies are implemented.