ECON 102

Basic lessons of macroeconomics, where the economic growth and economic fluctuations are studied. Issues such as GDP, CPI will be discussed. Long-run trend and causes of economic growth rate, unemployment rate and inflation rate will be examined. 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. Exchange rate, current account, and capital flights in an open economy context.Prerequisite(s): none; (3-0; 3-0)

Principles of Macroeconomics