Economics 318 - Intermediate Macroeconomics

Course Objectives

Generally speaking, there are three major economic objectives of government: (1) achieve an efficient allocation of resources (2) achieve an "equitable" distribution of income and (3) achieve the stabilization goals of full employment, price stability, "adequate" economic growth and balance of payments equilibrium. Government stabilization of the economy is a macroeconomic objective and requires the tools of macroeconomics (developed in Economics 105) to study why this is a goal and how it can be achieved.

Although all of the goals will be discussed during this semester, the primary emphasis of this course will be to concentrate on objective three. Specifically, macroeconomics theory focuses on the stabilization goals for full employment, price stability, economic growth and balance of payments equilibrium.