Applied Macroeconomics

Graduate

This course provides a systematic overview of the theory of aggregate output and employment, the rate of interest, and price level determination. Coverage includes the theories of consumption and investment, the demand and supply of money, inflation, unemployment, and economic growth. These topics are discussed in the context of contemporary empirical work on aggregative relationships. Finally, the theory developed is applied to various policy issues such as a zero-inflation rule, full employment legislation, and a balanced budget amendment.