Course description

This course examines theories and evidence on economic growth and business cycles. It covers determination of gross domestic product, investment, consumption, employment, and unemployment. It also covers analysis of interest rates, wage rates, and inflation. Finally, it examines the roles of fiscal and monetary policies. At the end of this course, students have a better understanding of how the economy works and how different macroeconomic policies affect people's lives. The business-cycle component of the course focuses on the United States, but the course also explores the large differences in living standards around the world.

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