Macroeconomics

Program Overview

This program delves into the behavior of the economy at the aggregate level, exploring topics such as income flow, economic aggregates, inflation, unemployment, and business fluctuations. It examines the role of money and financial institutions, as well as monetary and fiscal policies, exchange rates, and international trade. The program provides a comprehensive understanding of macroeconomic principles and their impact on the economy.

Program Outline

Outline:

Students examine how the economy behaves at the aggregate level. Topics include the flow of income among households, businesses, and governments; measuring and explaining what determines economic aggregates such as the total national product (GDP); inflation and unemployment; business fluctuations, economic growth, and full employment; and the model of aggregate demand and aggregate supply. The role of money and financial institutions is discussed, as are monetary and fiscal policies, exchange rates and balance of payments, purchasing power parity, and the impact of international trade.