This course is a one-(summer) session course covering macroeconomic facts, theory, and policy. It covers the determinants of economic growth, business cycles, inflation, and unemployment along with a discussion of the international economy.
The learning goals of this course are for students to leave with an understanding of:
- how the availability of capital and labor affect a country’s standard of living;
- how technological progress results in economic growth and higher living standards;
- the relationship between the domestic economy and the international economic environment, as reflected in the behavior of the balance of payments; and
- how fiscal and monetary policies affect unemployment and inflation in the short run.
In general, you will learn how to use rigorous, mathematical models to appraise critically the issues underlying important contemporary policy debates in the United States and elsewhere.
Contact email@example.com if you have further questions about the course material and expectations.