Basic lessons of macroeconomics, where the economic growth and economic fluctuations are studied. Issues such as GDP, CPI are discussed. Long-run trend and causes of economic growth rate, unemployment rate and inflation rate are examined. This course also covers short-run fluctuations of an economy around the long-run trend; government responses to the short-run fluctuation of an economy, namely monetary and fiscal policy; and exchange rate, current account, and capital flights in an open economy context.