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ECON 102 - Introduction to macroeconomics

 

This course will give students an introduction to macroeconomics analysis and to have a better understanding of the economy as a whole. This course will discuss national output, unemployment rates, the price of inflation, interest rates etc. Students will become more aware of the economy and the world economy.

The learning outcomes of this course are:

  • Describing basic macroeconomic variables
  • Understanding the models that determine basic macroeconomic variables
  • Being able to distinguish between the long and short run
  • Defining the federal deficit
  • Defining the public debt
  • Describing the economic implications of the growing public debt
  • Describing the use of discretionary fiscal policy
  • Describing the phases of the business cycle
  • Describing the four types of unemployment
  • Calculating the rate of unemployment
  • Calculating the rate of inflation

Pre-Requisites: ECON 101

Textbook: Macroeconomics Hardcover – Jul 1 2009 by N. Gregory Mankiw (Author)

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