EC 101 - Principles of Macroeconomics

This course is an introduction to the macroeconomic approach to economic analysis. Students learn how to measure and interpret: Gross Domestic Product (GDP), unemployment and price levels through a discussion of fundamental economic concepts and the role of markets. We examine macroeconomic instability through a study of causes and policy prescriptions from two major opposing schools of thought: Classical and Keynesian. We continue with a study of money, interest rates and the Federal Reserve. Current economic problems and policy debates including economic controversies on the role of international trade, monetary and fiscal policy, the deficit, economic growth, and productivity are also highlighted.

Credits: 4