Macroeconomics

This course will familiarize students with the aggregate economic measurements and develop an understanding of the problems of rising prices, high unemployment, fluctuating output, and government deficits. It will also examine the government policies targeting these problems. More specifically, the course examines the macroeconomic measurements and their calculation, production and economic growth, savings, investment, inflation, unemployment, open economy macroeconomics, aggregate demand and supply, monetary and fiscal policy.

Objectives

not available

Prerequisites

not available

Syllabus

• The functioning of the economic system . The measurement of the economic activity and the general price level • The aggregate demand in the economy and its components (consumption, investment, government spending, exporting activity). • The aggregate supply in the economy, the labor market, employment and unemployment. • The operation of the monetary sector of the economy and monetary policy • The public sector of the economy and fiscal policy • The problems of inflation and unemployment and the use of economic policy in fighting them.