ECON-2201 Macroeconomics II
The course in Intermediate Macroeconomics introduces the student to the formal language of modern macroeconomics and intends to provide students with basic analytical and mathematical tools used in more advanced economics courses. The core issue of the macroeconomic analysis in this course refers to the study of its microeconomic grounding and how the interaction between several agents (families, firms, government, external sector, trade unions, central bank, etc.) in various markets (assets, money, savings, labor, international, etc.) determines the aggregate behavior of economy. Macroeconomic aggregates as such meet the condition of aggregate consistency in terms of equilibrium. The course begins with a leisure-consumption static general equilibrium model and then goes into more complex dynamic models. Throughout the course, the various models are applied to study economic phenomena as inflation, unemployment, economic cycles, and the effects of tax monetary policy and international trade.
Catalog page for this course