Monetary and Fiscal Policies

1 Course Unit

This is an advanced course in macroeconomics. A relatively simple, but well defined and internally consistent model of the U.S. economy is set up and used to study how output is generated given the initial resources, how output is divided between consumption and addition to capital stock, and how this process accumulates over time. The role of prices including the rate of interest in this process is also reviewed, and monetary and fiscal policies needed to improve the performance of the economy under such circumstances are discussed. Fall or Spring Prerequisite: ECON 2100 AND (ECON 2200 OR FNCE 1010) AND (MATH 1400 OR MATH 1070) AND (MATH 1410 OR MATH 1510 OR MATH 1080) 1 Course Unit