EC 101 - Principles of Macroeconomics

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.

Credits: 4