ECNS 202 - Principles of Macroeconomics

4 Credit(s)

This course provides the learner an introduction to the study of linear macroeconomic theory for simple market economies, using multivariate linear models and the related qualitative conceptual frameworks. Macroeconomics is the study of the aggregate (usually country-level) economic effects of agent-level interactions (microeconomics) and public policy, employing multiple variables of aggregation and other macro-level variables (such as interest rates). Topics include the interaction of the financial system and the “real” (demand-supply) system, and how various institutions and stakeholders influence aggregate economic activity. During the course, students will gain an understanding of how inflation, fiscal policy, and monetary policy work. The course will mostly focus on closed economies, with an introduction to how the model changes when extended to include open economies and currency exchange regimes.

Behav/Soc Sci.
Prerequisite(s): M 090 or M 095 or equivalent.
(spring/odd-numbered years)