ECO 3320 Intermediate Macroeconomics
The determination of national output, income and employment in the long run and short run. National income accounting. Full employment, long run macroeconomics. International trade and finance in the long run. Introduction to monetary theory. The static and dynamic versions of the equation of exchange, the velocity of money, inflation and deflation. An introduction to business cycle theory. The aggregate demand-aggregate supply model. The IS-LM framework in closed and open economies. Fiscal and monetary policy in the long run and the short run. The expectations adjusted Phillips Curve and the policy trade-off.
Offered
Spring