Macroeconomic Analysis
This course examines the foundations of economic theory based on Macroeconomics, relating to unemployment, inflation, and economic growth. Topics include macroeconomic fundamentals, national income accounting, macroeconomic equilibrium, theories of income determination, money and banking, and fiscal and monetary policies. The analytical context of the course is as follows: The Data of Macroeconomics: Measuring the Value of Economic Activity: Gross Domestic Product, Measuring the Cost of Living: The Consumer Price Index, Measuring Joblessness: The Unemployment Rate; The Goods Market: The Composition of GDP, The Demand for Goods, The Determination of Equilibrium Output; Financial Markets: The Demand for Money, Money Supply, Determining the Interest Rate; Goods and Financial Markets: The IS – LM Model: The Goods Market and the IS Relation, Financial Market and the LM Relation, Putting the IS and LM Relations Together, Fiscal and Monetary Policy.