Intermediate Macroeconomic Theory

4 credits · Undergraduate credit

This course in macroeconomics deals with theory and evidence on broad economic aggregates such as national income, employment, the price level, and the balance of trade. Rigorous analysis is used to understand the forces that determine these economic variables, and how they are affected by public policies. Consideration is given both to the determinants of long-run growth and inflation and to short-run fluctuations in employment and output. It is strongly recommended that students take ECON 401 before ECON 402.