MACROECONOMICS AND THE GLOBAL ECONOMY

Credit Hours: 1.5 · Graduate Corequisite: GLBL 506

This part develops our foundations on topics such as national product and income concepts, measurements, and relationships; interrelationships of the major segments of the national economy; forces affecting the general level of economic activity. Here we study how the major markets (those for labor, capital, and goods) operate. These markets are first studied in isolation. Why some countries have rapid economic development, and others low growth and pervasive poverty? We will explore the ways in which growing economic interdependence shifts global wealth. We will discuss the role of global energy supply and of ongoing technological progress as a force of change in the global economy. Masters of Global Affairs students only. Mutually Exclusive: Cannot register for GLBL 505 if student has credit for GLBL 524 .