Full course description
In this course we discuss how national income, employment, and prices are determined. We study long-run economic growth as well as short-run fluctuations in economic activity, unemployment, and inflation. We then analyse tools of fiscal and monetary policies. Throughout this course economic data is tightly woven into the discussion of economic theory. By the end of this course we are able to critically assess and contribute to discussions on current economic issues and give an educated assessment on economic commentary, analyses, or policy proposals (for example in publications such as the The Wall Street Journal or The Economist).
- Introduce students to an intermediate level of macroeconomics by linking theory, data, and current policy debates.
- Provide students with theory-based arguments required to understand relevant macroeconomic issues in academic and policy discourse.
SSC1027 Principles of Economics. Knowledge of basic mathematical concepts such as solving equations, reading
and working with graphs is a prerequisite, as well as the knowledge of general macroeconomic indicators and
- Olivier Blanchard, Macroeconomics, Pearson, 7th (global) edition