Topics covered in this course include: measuring economic performance; the determination of income and expenditures; the role of government in influencing general equilibrium and economic fluctuations; the development of stabilization policies; and the operations of financial markets. The analytical approaches are more advanced than those in ECON 201 Macroeconomics.
- Understand economic vocabulary of national income, employment, inflation, the banking system, monetary and fiscal policy, international trade, and economic growth.
- Apply macroeconomic theories.
- Construct graphical and mathematical models of macroeconomic behavior.
- Critique modern macroeconomic models.
- Examine how economists study human behavior.
- Examine the important current macroeconomic issues.
- Employ the methods and data that historians and social and behavioral scientists use to investigate the human condition.
- Examine social institutions and processes across a range of historical periods and cultures.
- Use and critique alternative explanatory systems or theories.
- Develop and communicate alternative explanations or solutions for contemporary social issues.