Course description: A continuation of introduction to economics with emphasis on the measurement of national economic performance, alternative explanations of short-run economic fluctuations and long-run economic growth, money and credit, fiscal and monetary policy.
Statement of Purpose: What is Macroeconomics? Macroeconomics is the study of the economy as a whole, including topics such as inflation, unemployment, and economic growth. How does is affect us? Do we spend or do we save our money right now? Are we really getting a raise when our hourly wage increases? Should we be buying things made in the US to support our economy? Hopefully, the knowledge you will gain in this course will prove to be useful throughout your career.
Goals: Upon successful completion of this course students will be able to interpret basic macroeconomic measures such as gross domestic product (GDP), unemployment, and inflation. Students will be able to identify the key features of the financial system and be able to assess its role in the economy. They will also be able to demonstrate the importance of savings and investment for long term growth, and will be able to use macroeconomic models to evaluate the impact of fiscal and monetary policy. Students will be able to distinguish foreign exchange markets and determine the impact of monetary policy, currency manipulation, and trade barriers on international trade.