| In this course, students develop a model of the macroeconomy, which permits them to analyze the nature of the business cycle. The assumptions built into the model can be altered, rendering it capable of examining the macroeconomy from various theoretical viewpoints. In addition to unemployment, inflation and economic growth, the course covers real business cycles, the macroeconomic implications of free trade and emphasizes the microeconomic foundations of macroeconomics. Prerequisite: ECN 101 and 102. Economics majors need a
cumulative GPA of 2.00 in all foundation courses completed
to date. 3 credits. |