Principles of Macroeconomics

(4 Credits)

Focuses on the economy as a whole (the "macroeconomy"). Begins with the meaning and measurement of important macroeconomic data (on unemployment, inflation, and production), then turns to the behavior of the overall economy. Topics include long-run economic growth and the standard of living; the causes and consequences of economic booms and recessions; the banking system and the Federal Reserve; the role of government policy; and international trade. Prerequisite: None. Fulfillment: Economics Major Required Economics Courses; Social Science Major Foundational Courses; Data Science Major Courses for Concentration in Economics.