ECO2013

This course introduces students to macroeconomic analysis. After a broad discussion of Economics as a social science and policy tool, students apply economic theory to analyze how the market forces of supply and demand determine prices and predict changes in market equilibrium. Main macroeconomic indicators, including GDP, unemployment, and inflation, are used to gauge the performance of the U.S. and the world economy. The effectiveness of fiscal and monetary policies is critically evaluated in the context of past economic recessions and current economic issues and events within the framework of major macroeconomic models.