Principles of Macroeconomics

(3 Credit Hours) · Undergraduate

HKUST - Hong Kong, China: This course is designed for students to learn the "economic way of thinking" by viewing the economy from an "aggregate" perspective. Students begin by identifying key macro variables used to measure national economic performance and then study the relationships among these variables across the goods, money, and labor markets. The course discusses key theoretical models, such as the IS-LM framework, to analyze major concepts like inflation, money growth, and the trade-off between inflation and unemployment. A significant portion of the course is dedicated to understanding the open economy and exchange rates. Upon completion, students gain the analytical tools necessary to understand, predict, and analyze the impacts of government fiscal and monetary policies on both historical and current macroeconomic events. _____________________________________________________________________________________________________________________ An introduction to the basic principles of the macroeconomy such as: national income accounting, determination of national income, business cycles, inflation, unemployment, fiscal and monetary policy, macroeconomics in the open economy and economic growth.